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Universe Corp. has trading investments that were purchased in 2024: Acquisition cost Fair value, December 31, 2024 Fair value, December 31, 2025 $200,000 $2,000 $20,000
Universe Corp. has trading investments that were purchased in 2024: Acquisition cost Fair value, December 31, 2024 Fair value, December 31, 2025 $200,000 $2,000 $20,000 $10,000 $8,000 208,000 210,000 M What amount should Universe report as an unrealized gain in its 2024 statement of income?
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