Dodd Co.'s debt securities at December 31 included available-for-sale securities with a cost basis of $24, 000 and a fair value of $30,000. Dodd's income tax rate was 20% . What amount of unrealized gain or loss should Dodd recognize in its income statement at December 31?

The trial balance of Kroeger Incorporated included the following accounts as of December 31, 2024: Sales revenue Interest revenue Gain on sale of investments Gain on debt securities Cost of goods sold Loss on projected benefit obligation Selling expense Goodwill impairment loss Interest expense General and administrative expense Debits Credits $ 8,350,000 55,000 115,000 137,500 $ 155,000 6,155,000 750,000 525,000 25,000 450,000 The gain on debt securities represents the increase in the fair value of debt securities and is classified a component of other comprehensive income. Kroeger had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25%. Required: Prepare a 2024 separate statement of comprehensive income for Kroeger Incorporated. Note: Amounts to be deducted should be indicated with a minus sign. KROEGER INCORPORATED Statement of Comprehensive Income For the Year Ended December 31, 2024 Net income Other…

On September 1, 2021, ETC Company received P1,032,880 for P1,000,000 face amount, 12% bonds, a price that yields 10%. At what amount should ETC Company report the bond liability at December 31, 2021?

12/31/20 Lexus inc recorded an unrealized gain of $5000 related to its trading debt securities original purchased on 12/15/20for $20000. Lexus recognized pretax income of $80000 in 2020 and had a tax rate of 25%. What is the reported amount of trading securities in the financial statements of Lexus on 12/20/20? What is the tax basis of the securities on 12/30/20? What is the deferred tax balance and how would it be reported on the 12/31/20 balance sheet?