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A firm purchased trading security investments for $100,000. During the year, the firm received dividends totaling $6,000 from these stock investments. At year-end, the
A firm purchased trading security investments for $100,000. During the year, the firm received dividends totaling $6,000 from these stock investments. At year-end, the stock portfolio had a quoted market value of $99,000. The change in net income for the year (ignore income taxes) from these investments is: $6,000 $ 0 $(1.000) $5.000
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