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Hobson Company Bought the Securities Listed Below During 2015

Question 102

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Hobson Company bought the securities listed below during 2015.These securities were classified as trading securities.In its December 31,2015,income statement Hobson reported a net unrealized loss of $13,000 on these securities.Pertinent data at the end of June,2016 is as follows:
Hobson Company bought the securities listed below during 2015.These securities were classified as trading securities.In its December 31,2015,income statement Hobson reported a net unrealized loss of $13,000 on these securities.Pertinent data at the end of June,2016 is as follows: What amount of loss on these securities should Hobson include in its income statement for the six months ended June 30,2016? A) $41,000. B) $54,000. C) $13,000. D) $ 0.
What amount of loss on these securities should Hobson include in its income statement for the six months ended June 30,2016?


A) $41,000.
B) $54,000.
C) $13,000.
D) $ 0.

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