Scenario A:
On 12/31/11 I buy a class 3 bond for 100.
On 12/31/12 the amortized cost is 140 and fair value is 150.
On 12/30/13 I sell the bond for the fair value of 195. Suppose amortized cost was 194.
What do my 2012 and 2013 Annual statements say for Investment Income, (change in) realized gains, and (change in) unrealized gains?
Scenario B: same question but with the 12/31/12 values reversed.
On 12/31/11 I buy a class 3 bond for 100.
On 12/31/12 the amortized cost is 150 and fair value is 140.
On 12/30/13 I sell the bond for the fair value of 195. Suppose amortized cost was 194.
What do my 2012 and 2013 Annual statements say for Investment Income, (change in) realized gains, and (change in) unrealized gains?
On 12/31/11 I buy a class 3 bond for 100.
On 12/31/12 the amortized cost is 140 and fair value is 150.
On 12/30/13 I sell the bond for the fair value of 195. Suppose amortized cost was 194.
What do my 2012 and 2013 Annual statements say for Investment Income, (change in) realized gains, and (change in) unrealized gains?
Scenario B: same question but with the 12/31/12 values reversed.
On 12/31/11 I buy a class 3 bond for 100.
On 12/31/12 the amortized cost is 150 and fair value is 140.
On 12/30/13 I sell the bond for the fair value of 195. Suppose amortized cost was 194.
What do my 2012 and 2013 Annual statements say for Investment Income, (change in) realized gains, and (change in) unrealized gains?
Capital Gains vs Investment Income quiz
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