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what is the correct answer choice and why? Langlois Corporation purchased 1 300 shares of Southwest Supplies stock for $20 per share. Southwest Supplies had
what is the correct answer choice and why?
Langlois Corporation purchased 1 300 shares of Southwest Supplies stock for $20 per share. Southwest Supplies had 100,000 shares of stock outstanding on the next balance sheet date, Southwest Supplies stock is quoted at $16 per share. Langlois'income statement should report O A. an unrealized loss of $5 200 OB. an unrealized gain of $5,200 OC. investments of 520,800 OD. nothing because Langlois hasn't sold the investment Cck to select your answer Te to search Step by Step Solution
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