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The following data pertain to the equity investment held by Damortis Company classified as Investment to Other Comprehensive income. Cost 3,000,000 Market value December 31,
The following data pertain to the equity investment held by Damortis Company classified as Investment to Other Comprehensive income.
Cost 3,000,000
Market value
December 31, 2019 2,400,000
December 31, 2020 3,000,200
What amount should be reported as cumulative unrealized gain in the 2020 statement of changes in equity?
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
