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Jacques Corporation purchased 2,100 shares of Southwest Supplies stock for $28 per share. Southwest Supplies had 100,000 shares of stock outstanding. On the next balance
Jacques Corporation purchased 2,100 shares of Southwest Supplies stock for $28 per share. Southwest Supplies had 100,000 shares of stock outstanding. On the next balance sheet date, Southwest Supplies stock is quoted at $25 per share. Jacques' balance sheet should report:
A. an unrealized loss of $6,300.
B.an unrealized gain of $52,500
C.investments of $52,500.
D.investments of $58,800.
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