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Zulu Company, in its fourth year of operations, has the following investments, held for trading purposes: Tutu Corporation: Cost $147,500 Fair Value - $160,200 Nimrod
Zulu Company, in its fourth year of operations, has the following investments, held for trading purposes: Tutu Corporation: Cost $147,500 Fair Value - $160,200 Nimrod Inc.: Cost $98,400 Fair Value - $86,000 At year end, Zulu would record which of the following? It would be impossible to know, given the above information. An unrealized gain for $300. A realized gain for $300. Nothing would be recorded
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