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At December 31, 2020, the trading securities for Saddle, Inc. are as follows: Security Cost Fair Value 12/31/20 A $90000 $94000 B 150000 141000
At December 31, 2020, the trading securities for Saddle, Inc. are as follows: Security Cost Fair Value 12/31/20 A $90000 $94000 B 150000 141000 C 32000 30000 Saddle should report the following amount related to the securities in its 2020 income statement: $7000 realized loss. $7000 unrealized loss. $4000 gain O $11000 unrealized loss.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
131495380, 978-0131495388
