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On Februacy 15, Jewel Company buys 6,000 shares of Marcelo Corporation at $2873 per share. The porchase is classified as a stock irvestment with insignificant

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On Februacy 15, Jewel Company buys 6,000 shares of Marcelo Corporation at $2873 per share. The porchase is classified as a stock irvestment with insignificant infiuence. This 1s the company's first and only stock investment. On March 15 . Marcelo Corporation declares a dividend of $125 per share payable to stockholders of record on April 15. Jewel Company recelved the dividend on April 30 and ultimately sells half of the Marcelo. Corporation stock on November 17 of the current year for $29.51 per share. The fals value of the remaining shares is $29.71 per share at yeat-end. The amount that Jewol Company should report in the current-year income statement from its investment in Marcelo Corporation is: Multiple Chioice Unreahized 6 inin-laceme: 58,840 Redited Gain-lncome: 52.940 Uniestired Loss-Lqutyi \$2,040 Uncealized Gain-ineome, $2.940 Multiple Choice Unrealized Gain-Income; $8,840. Realized Gain-Income; $2,940. Unrealized Loss-Equity; \$2,940. Unrealized Gain-Income; $2,940. Unrealized Loss-Income; $2,940

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