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Rhoads purchased common shares of Company A and B for $10,000 and $6,000, respectively on 12/15. Rhoads intends to sell these securities within 30 days.

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Rhoads purchased common shares of Company A and B for $10,000 and $6,000, respectively on 12/15. Rhoads intends to sell these securities within 30 days. At 12/31, Investments in Company A & B had a fair value of $9,000 and $15,000, respectively. Assuming Rhoads has no significant influence over the investee companies, what is the unrealized gain or loss for these securities and how is it reported? Unrealized Gain of $8,000, reported as part of Other Comprehensive Income A. O B. Unrealized Gain of $8,000, reported as part of Net Income. O C. Unrealized Loss of $1,000, Unrealized Gain of $9,000, both reported as part of Other Comprehensive Income. O D. Unrealized Loss of $1,000, Unrealized Gain of $9,000, both reported as part of Net Income

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