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Kaka Co. acquired Koko Co. shares at a cost of $14,000 in 2019, which was later on sold in 2020 for $14,800. On Dec31, the
Kaka Co. acquired Koko Co. shares at a cost of $14,000 in 2019, which was later on sold in 2020 for $14,800. On Dec31, the shares had a fair value of $14,200.
if Kaka Co. classified the Koko Co. shares as FVPL, how much unrealized gain should be recognized in net income in 2019?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
