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Dumas Corporation purchased an available-for-sale investment in 1,200 shares of Southwest Supplies stock for $30 per share. On the next balance sheet date, Southwest Supplies
Dumas Corporation purchased an available-for-sale investment in 1,200 shares of Southwest Supplies stock for $30 per share. On the next balance sheet date, Southwest Supplies stock is quoted at $34 per share. Dumas' balance sheet should report O A. investments of $36,000. O B. unrealized gain of $36,000. O c. unrealized loss of $4,800. OD. investments of $40,800
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