During the current year, The Hampton Company purchased 200 shares of Hilton shares for $15,000 as a short-term investment. At the end of the year, the market value of the shares was $11,000. The Hampton Company’s financial statements for the current year will show:
Select one:
a. an unrealized loss of $4,000 on the income statement and short-term investments of $11,000 on the balance sheet.
b. all of the above.
c. an unrealized gain of $4,000 on the income statement and short-term investments of $11,000 on the balance sheet.
d. an unrealized loss of $4,000 on the income statement and short-term investments of $15,000 on the balance sheet.
