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TB14 64. In June 2015, the enterprise decided to reclassify the Mingo stock as trading securities. The stock had a market value of $41,000 at
TB14 64. In June 2015, the enterprise decided to reclassify the Mingo stock as trading securities. The stock had a market value of $41,000 at the time of the reclassification What amount of holding gain or loss is immediately recognized in 2015 earnings? a $2,000 gain b. $1,000 gain C. $3,000 gain d. $1,000 loss TB14 64. In June 2015, the enterprise decided to reclassify the Mingo stock as trading securities. The stock had a market value of $41,000 at the time of the reclassification What amount of holding gain or loss is immediately recognized in 2015 earnings? a $2,000 gain b. $1,000 gain C. $3,000 gain d. $1,000 loss
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
