Business, 30.08.2020 14:01 milamdaniela

On its December 31, 2020, balance sheet, Trafton Company reported its investment in equity securities, which had cost $600,000, at fair value of $560,000. At December 31, 2021, the fair value of the securities was $585,000. What should Trafton report on its 2021 income statement as a result of the increase in fair value of the investments in 2021?

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On its December 31, 2020, balance sheet, Trafton Company reported its investment in equity securitie...

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