Yankton company began the year without an investment portfolio. during the year, it purchased investments classified as available-for-sale securities at a cost of $13,000. at the end of the year, the market value of the securities was $11,000. the yankton company's financial statements for the current year should showa loss of $2,000 on the income statement and available-for-sale investments of $13,000 on the balance sheetno loss on the income statement, available-for-sale investments netting to of $11,000, and an unrealized loss of $2,000 as a stockholders' equity adjustment on the balance sheetno loss on the income statement and available-for-sale investments of $13,000 on the balance sheet

No loss on the income statement, available-for-sale investments netting to of $11,000, and an unrealized loss of $2,000 as a stockholders' equity adjustment on the balance sheet

Explanation:

In this question, we have to find the unrealized gain or loss which is shown below:

Unrealized gain or loss = Market value of the securities - the cost of securities

                                      = $11,000 - $13,000

                                      = -$2,000

This -$2,000 reflect the unrealized loss

The journal entry is also shown below for better understanding

Other Comprehensive Income A/c Dr $2,000

          To Asset A/c $2,000

(Being the amount of loss is recorded)

Thus, it does not affect the income statement at all.

answer; buying the bill at a discount from the face value to be received at maturity;