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Question 6 15 pts On January 1, 2022 YQP Company purchased the following investments: 1. 17,800 shares (representing 14%) of ZZ Company stock for $14/share
Question 6 15 pts On January 1, 2022 YQP Company purchased the following investments: 1. 17,800 shares (representing 14%) of ZZ Company stock for $14/share 2. 20,000 shares (representing 45%) of A Company stock for $23/ share YQP Company sold 5,000 shares of the zz Company stock on August 1, 2023 for $19 per share A Company and ZZ Company reported the following information for the years 2022 and 2023 AA Company zz Company Net income in 2022 $200,000 $260,000 Dividends paid to YOP Company in 2022 $36,000 $12,000 Market value at Dec 31, 2022 $27 per share $11 per share Net income in 2023 $180,000 $225,000 Dividends paid to YQP Company in 2023 $17,000 $5,000 Market value at Dec 31, 2023 $24 per share $24 per share Calculate the amount of the unrealized gain reported in YQP Company's 2023 income statement Question 6 15 pts On January 1, 2022 YQP Company purchased the following investments: 1. 17,800 shares (representing 14%) of ZZ Company stock for $14/share 2. 20,000 shares (representing 45%) of A Company stock for $23/ share YQP Company sold 5,000 shares of the zz Company stock on August 1, 2023 for $19 per share A Company and ZZ Company reported the following information for the years 2022 and 2023 AA Company zz Company Net income in 2022 $200,000 $260,000 Dividends paid to YOP Company in 2022 $36,000 $12,000 Market value at Dec 31, 2022 $27 per share $11 per share Net income in 2023 $180,000 $225,000 Dividends paid to YQP Company in 2023 $17,000 $5,000 Market value at Dec 31, 2023 $24 per share $24 per share Calculate the amount of the unrealized gain reported in YQP Company's 2023 income statement
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