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Business, 04.05.2021 01:00 pressure772

Rhoads purchased common shares of Company A and B for​ $10,000 and​ $10,000, respectively on​ 12/15. Rhoads intends to sell these securities within 30 days. At​ 12/31, Investments in Company A​ & B had a fair value of​ $9,000 and​ $18,000, respectively. Assuming Rhoads has no significant influence over the investee​ companies, what is the unrealized gain or loss for these securities and how is it​ reported? A. Unrealized Loss of​ $1,000, Unrealized Gain of​ $8,000, both reported as part of Other Comprehensive Income. B. Unrealized Gain of​ $7,000, reported as part of Net Income. C. Unrealized Gain of​ $7,000, reported as part of Other Comprehensive Income. D. Unrealized Loss of​ $1,000, Unrealized Gain of​ $8,000, both reported as part of Net Income.

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Rhoads purchased common shares of Company A and B for​ $10,000 and​ $10,000, respectively on​ 12/15....
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