During 2021 Giant Company purchased 8,000 shares of Small, Inc. for $10 per share. During the year Giant Company sold 2,000 shares of Small, Inc. for $23 per share. At December 31, 2021 the market price of Small, Inc.'s stock was $25 per share. What is the total amount of gain/(loss) that Giant Company will report in its income statement for the year ended December 31, 2021 related to its investment in Small, Inc. stock?

Answer rating: 100% (QA)

Thus total gain for the year 26000 90000 116000 Shares sold 2000 ... View the full answer