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6 2 points ABC Corp has an investmont in 11,000 shares of XYZ Company ordinary shares with a cost of $330,000. These shares are used
6 2 points ABC Corp has an investmont in 11,000 shares of XYZ Company ordinary shares with a cost of $330,000. These shares are used in a property dividend to shareholders of ABC Corp. The property dividend is declared on May 25 and scheduled to be distributed on July 31 to shareholders of record on June 15 The market value per XYZ share is 527 on May 25, $32 on June 15 and 534 on July 31. The unrealized gain or loss for ABC Corp, would be OA $30,000 gain OB. $33,000 loss. OC. $40,000 gain OD. No gain or loss
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