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Assume the following information is available about XYZ Corp's investment portfolio at the end of 2015: Investment in A Investment in B Investment in C
Assume the following information is available about XYZ Corp's investment portfolio at the end of 2015: Investment in A Investment in B Investment in C Total Cost Fair Value $10,00o $12,000 $25,000 $30,000 $15,000 $12,000 $50,000 $54,000 During 2016, XYZ Corp received a $300 dividend from Company A and a $200 dividend from Company B. Furthermore, XYZ Corp sold the investment in Company C for $13,000. At the end of 2016, the fair value of the Investment in A is $11,000 and the fair value of the investment in B is $33,000 What is the gain/loss on sale that XYZ recognizes on the sale of the investment in C [if you think it is a loss of XXXX write-XXxx)
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