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Amount of the unrealized loss

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On August 8, 2007, ZZ, Inc. purchased 5,000 shares (8%) of EZ Company stock for $18 per share. The following information relates to the EZ Company stock: ? EZ Company paid a dividend of $2 per share on October 1, 2007 ? The EZ Company stock was valued at $14 per share on December 31, 2007 ? ZZ, Inc. sold 3,000 shares of the EZ Company stock for $22 per share on May 18, 2008 ? EZ Company paid a dividend of $2 per share on October 1, 2008 ? The EZ Company stock was valued at $19 per share on December 31, 2008 Calculate the amount of the unrealized loss shown on ZZ, Inc.'s 2007 income statement.

Reference no: EM13973096

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