income statement
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Free InquiryDodd 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?
A.$6,000 loss.
B.$0
C.$4,800 gain.
D.$6,000 gain.
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