How much is the unrealized gain that should be taken to profit or loss statement?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jaybu Company acquired the following portfolio of equity instruments held for trading during 2022 and reported the following balances at December 31, 2022. No sales occurred during 2022.
Security / Cost / Market Value, 12/31/22
AAA Company Shares / 300,000 / 350,000
BBB Company Shares / 450,000 / 410,000
CCC Company Shares / 540,000 / 640,000
DDD Company Shares / 610,000 / 650,000
How much is the unrealized gain that should be taken to profit or loss statement?
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