Reference no: EM13755293
On May 1, 2014, Fisher Corp. acquired 4,000 shares (5%) of Wychek, Inc. stock for $25 per share. On October 18, 2014, 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, 2014 was $29. On April 9, 2015, Fisher Corp. sold 1,200 shares of its Wychek stock for $32 per share. The market value of Wychek's stock at December 31, 2015 was $19 per share. On March 21, 2016, Fisher Corp. received a dividend of $4 per share on the Wychek stock. Fisher Corp. sold 1,700 shares of its Wychek stock on July 19, 2016 for $24 per share. At December 31, 2016, the market value of the Wychek stock was $28 per share.
1. Calculate the unrealized gain reported on Fisher's 2014 income statement.
2. Calculate the unrealized loss reported on Fisher's 2015 income statement.
3. Calculate the total profit (revenues - expenses) related to the investment in Wychek reported on
Fisher's 2016 income statement.
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: On May 1, 2014, Fisher Corp. acquired 4,000 shares (5%) of Wychek, Inc. stock for $25 per share. On October 18, 2014, 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..
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