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A company purchases 500 shares of Titi Company at a price of $30 per share. It also purchases 300 shares of Mimi Company at a
A company purchases 500 shares of Titi Company at a price of $30 per share. It also purchases 300 shares of Mimi Company at a price of $25 per share. At year-end, the market prices of the two companies, respectively, are $40 per share and $22 per share. What is the unrealized gain or loss on these investments? $4,100 loss. $4,100 gain. There is no unrealized gain or loss since the shares have not been sold yet. $5,900 gain
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