Founded on January 1, 20X1, Gehl Company had the following passive investments in equity securities at the end of 20X1 and 20X2 Required If the company recorded a $4,000 debit to its Fair value adjustment account as its 20X2 fair value adjustment, what must have been the unrealized gain or loss rep...

Equity 1231X2 Unrealized Security Cost Fair Value gainloss A 96000 9400 ...

Founded on January 1, 20X1, Gehl Company had the following passive investments in equity securities at the

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Founded on January 1, 20X1, Gehl Company had the following passive investments in equity securities at the end of 20X1 and 20X2:

Equity Security 12/31/X2 Cost Fair Value $ 96,000 184,000 126,000 $ 94,000 162,000 136,000 A B

Required:

If the company recorded a $4,000 debit to its Fair value adjustment account as its 20X2 fair value adjustment, what must have been the unrealized gain or loss reported at the end of 20X1?

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Financial Reporting And Analysis

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Question Posted: Nov 13, 2020 01:48 AM

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Founded on January 1, 20X1, Gehl Company had the following passive investments in equity securities at the

Question:

Equity Security 12/31/X2 Cost Fair Value $ 96,000 184,000 126,000 $ 94,000 162,000 136,000 A B

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Equity 1231X2 Unrealized Security Cost Fair Value gainloss A 96000 9400...View the full answer

Financial Reporting And Analysis

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