During 2021, Manu Company purchased shares of stock classified as short-term investment to be measured at fair value through other comprehensive income. The cost and fair value on December 31, 2021 were as follows: Security No. of Shares Cost Fair Value A 1,000 300,000 350,000 B 10,000 1,700,000 1,550,000 C 20,000 3,150,000 2,950,000 How much is the unrealized gain or loss to be recognized in other comprehensive income during 2021 for this investment?

During 2021, Manu Company purchased shares of stock classified as short-term investment to be measured at fair value through other comprehensive income. The cost and fair value on December 31, 2021 were as follows: Security No. of Shares Cost Fair Value A 1,000 300,000 350,000 B 10,000 1,700,000 1,550,000 C 20,000 3,150,000 2,950,000 How much is the unrealized gain or loss to be recognized in other comprehensive income during 2021 for this investment?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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