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Gibbs Company made the following investments during 2021 with other relevant information given as wel Purchased 10,000 shares of ABC stock for $25,00 per share.
Gibbs Company made the following investments during 2021 with other relevant information given as wel Purchased 10,000 shares of ABC stock for $25,00 per share. Gibbs plans on selling the investment quickly Purchased 250,000 shares of DF Hook for $20.00 per share. The shores represent 80% of the outstanding stock of DEF and Gibbs was able to exert significant infuence on DEF Gibbs received a $1.25 per share dividend from ABC Gibbs received a $1.75 per share dividend from DEF DEF reported a total net income of $2,000,000 The year and market prices were as follows: ABC 522.50 DEF: $36.00 Required What amount(s) would be shown on the income statement regarding unrealized gains and losses at yoar-end
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