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On January 2, Year 1, Amanda Co. purchased, as an investment, 10,000 shares of Bonn Corp.s common stock for $40 a share. On December 31,
On January 2, Year 1, Amanda Co. purchased, as an investment, 10,000 shares of Bonn Corp.s common stock for $40 a share. On December 31, Year 1, the market price of Bonn's stock was $35 a share, reflecting a temporary decline in market price. On December 31, Year 2, Amanda sold 8,000 shares of Bonn stock for $30 a share. For the year ended December 31, Year 2, Amanda should report a loss on the investment in Bonn for:
(A) $40,000.
(B) $80,000.
(C)$90,000.
(D) $100,000.
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