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The available for sale securities are held as a long term

Question - Uttinger Company has the following data at December 31, 2015.

Securities	Cost	Fair value
Trading	$120,000	126,000
Available for sale	$100,000	96,000

The available for sale securities are held as a long term investment.

a) Prepare the adjusting entries to report each class of securities at fair value.

b) Indicate the statement presentation of each class of securities and the related unrealized again (loss) accounts.

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Accounting Basics: The available for sale securities are held as a long term

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