Question

Founded on January 1, 2014, Gehl Company had the following short-term investments in securities at the end of 2014 and 2015 (all were held in the “trading” portfolio):


Required:
If the company recorded a $4,000 debit to its Fair value adjustment—Trading securities account at the end of 2015 as its fair value adjustment, what must have been the unrealized gain or loss recorded at the end of2014?


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  • CreatedSeptember 10, 2014
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