At 12/31/19, Fort Lewis Corp. had the following equity securities that were purchased during 2019, its first year of operation: Cost Fair Value Security A $100,000 $ 80,000 Security Y $ 70,000 $ 75,000 During 2020, Fort Lewis sold Security A for $70,000 and Security Y for $79,000. 

What will be the total net Realized Gain or Loss included in 2020 Net Income?  

Answer rating: 100% (QA)

Introduction Fort Lewis Corp a newly established company made investments in equity securities durin... View the full answer