Following Is a Portion of the Investments Footnote from Urban

Essay

Following is a portion of the investments footnote from Urban Company's 2019 annual report.
Required
a. At what amount does Urban report its available-for-sale securities on its balance sheets for 2019 and 2018?
b. How does Urban's account for its trading securities? How does the accounting differ from their accounting method for available-for-sale?
c. What are the net unrealized gains (losses) for 2019 and 2018? How did these unrealized gains (losses) affect the company's reported income in 2019 and 2018?
d. What is the difference between realized and unrealized gains and losses? Are realized gains and losses treated differently in the income statement than unrealized gains and losses for the available-for-sale securities?