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Pharoah Corporation has the following investment which was held throughout 20182019: Fair Value Cost 12/31/18 12/31/19 Equity investment $836000 $1128000 $1060000 What amount of gain

Pharoah Corporation has the following investment which was held throughout 20182019:

Fair Value

Cost 12/31/18 12/31/19

Equity investment $836000 $1128000 $1060000

What amount of gain or loss would Pharoah Corporation report in its income statement for the year ended December 31, 2019 related to its investment, if the fair value method of accounting was used?

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