DuBois Corporation purchased a non-strategic investment (In 1,000 shares of Scotiabank (BNS) for ($ 31) per share.

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DuBois Corporation purchased a non-strategic investment (In 1,000 shares of Scotiabank (BNS) for $\$ 31$ per share. On the next balance sheet date, BNS is quoted at $\$ 35$ per share. DuBois's balance sheet should report

a. unrealized loss of $\$ 4,000$

b. unrealized gain of $\$ 31,000$.

c. investments of $\$ 31,000$.

d. investments of $\$ 35,000$

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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Question Posted: May 10, 2024 09:02 AM

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DuBois Corporation purchased a non-strategic investment (In 1,000 shares of Scotiabank (BNS) for ($ 31) per share.

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Financial Accounting

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