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During 2018 Ivanhoe Company purchased 10200 shares of Midi, Inc. for $32 per share. During the year Ivanhoe Company sold 2600 shares of Midi, Inc.
During 2018 Ivanhoe Company purchased 10200 shares of Midi, Inc. for $32 per share. During the year Ivanhoe Company sold 2600 shares of Midi, Inc. for $37 per share. At December 31, 2018 the market price of Midi, Inc.s stock was $30 per share. What is the total amount of gain/(loss) that Ivanhoe Company will report in its income statement for the year ended December 31, 2018 related to its investment in Midi, Inc. stock?
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