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Weazley Ltd. purchased several investments in equity securities during 2019 for liquidity management its first year of operations. The following information pertains to these securities.
Weazley Ltd. purchased several investments in equity securities during 2019 for liquidity management its first year of operations. The following information pertains to these securities. The investments are classified as minority passive.
Acme announced an earnings of $34,500 and Pacman announced an earnings of $45,000. None of these investments are sold during the year. What is the amount of the net unrealized gain/loss reported on the income statement in 2020 related to these investments?
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