On october 1 2006 fisher corp acquired 200 shares 5 of, Ask an Expert

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On October 1, 2006, Fisher Corp. acquired 200 shares (5%) of Wychek, Inc. stock for $25 per share. On December 1, 2006, Fisher Corp. received a dividend of $3 per share on the Wychek stock. The market value per share of Wychek's stock as of December 31, 2006 and 2007, was $29 and $12, respectively.

How much unrealized gain should Fisher report in its 2006 income statement?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9974793

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