The following data pertain to the equity investment held by Damortis Company classified as Investment to Other
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Question:
Cost 3,000,000
Market value
December 31, 2019 2,400,000
December 31, 2020 3,000,200
What amount should be reported as cumulative unrealized gain in the 2020 statement of changes in equity?
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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