A FVTPL investment is carried at $ 550,000, and unrealized gains of $ 35,000 have been recorded

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A FVTPL investment is carried at $ 550,000, and unrealized gains of $ 35,000 have been recorded in earnings to date. The investment is sold for $ 520,000. What gain or loss is included in earnings in the year of the sale?

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Aug 20, 2015 02:38 AM

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A FVTPL investment is carried at $ 550,000, and unrealized gains of $ 35,000 have been recorded

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Intermediate Accounting

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