Question: Trading $ 3 0 0 , 0 0 0 $ 4 0 0 , 0 0 0 $ 3 8 0 , 0 0 0

Trading $300,000 $400,000 $380,000 Available-for-sale 300,000320,000360,0007. What amount of gain or loss would Instrument Corp. report in its net income for the year ended December 31,2011 related to its investments? a. $20,000 gain. b. $20,000 loss. c. $140,000 gain. d. $80,000 gain.

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