Question: Onits December 3 1 , 2 0 2 1 , balance sheet, Sundhili Ca . reported its investment in trading securilies , which had cast

Onits December 31,2021, balance sheet, Sundhili Ca. reported its investment in trading securilies, which had cast 5903100 at fair value of 5477800. At December 31.2022, the fair value of the securities was 5473700 What should 5 and 1 il report on its 2022
Unvealised gain of $15900.
Unrealied loss of 59400.
Realized gain of $15900.
$0.
Onits December 3 1 , 2 0 2 1 , balance sheet,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!