Question
Trading Securities The financial statements of Whitman Corporation provide the following information about the companys investments in trading securities: Market Values at December 31 Cost
Trading Securities
The financial statements of Whitman Corporation provide the following information about the companys investments in trading securities:
| Market Values at December 31 | ||||
|---|---|---|---|---|
| Cost | 2020 | 2019 | 2018 | |
| Stanton, Inc. | $2,400 | $2,480 | $2,000 | $2,160 |
| Hicks Co | 5,600 | 5,120 | 5,040 | 5,920 |
| Judge Co | 8,000 | 7,760 | 7,600 | 7,840 |
| Total | $16,000 | $15,360 | $14,640 | $15,920 |
What would be the unrealized gain or loss reported in the income statement for each of the three years? Note: Use a negative sign to indicate a loss will be reported on the income statement.
| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Gain/(Loss) | Answer | Answer | Answer |
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Application Of Quantitative Techniques For The Prediction Of Bank Acquisition Targets
Authors: Pasiouras Fotios
1st Edition
9812565183, 9789812565181
