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A company held a security during the year: Security A Carrying Value on Balance Sheet: $24,000 Fair Value at Year-End: $21,500 Security A was sold
A company held a security during the year:
Security A
- Carrying Value on Balance Sheet: $24,000
- Fair Value at Year-End: $21,500
Security A was sold for $20,000 after year-end. What is the investment income or loss to be recognized if the investment is an FVTPL investment or what is the OCI gain or loss on sale of investment if the investment is an FVTOCL investment, assuming the change to fair value was properly booked at year-end?
Show a gain as a positive number, a loss as a negative number. Do not round intermediary answers. Round your final answer to the nearest $. Do not use $ signs in your final answer.
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