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On august8 2007 zz inc purchased 5000 shares of ez company

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On August8, 2007, ZZ, Inc. purchased 5,000 shares of EZ Company stock for$18 per share. The following information relates to the EZ Company stock:

EZCompany paid a dividend of $2 per share on October 1, 2007

The EZCompany stock was valued at $15 per share on December 31, 2007

 

ZZ, Inc.sold 3,000 shares of the EZ Company stock for $22 per share on May18, 2008

 

EZCompany paid a dividend of $2 per share on October 1, 2008

 

The EZCompany 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: EM13615050

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