What amount is reported for gain or loss on these securities

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Reference no: EM133360038

Use the following information on a company's investments in equity securities with no significant influence to answer the following question. The company's accounting year ends December 31. Investment Date of Acquisition Cost Fair Value 12/31/23 Date Sold Selling Price Colt Company stock 9/20/23 $38,000 $37,000 2/10/24 $42,000 Dana Company stock 10/2/23 14,000 14,200 1/17/24 13,000 What amount is reported for gain or loss on these securities in 2023 income?

Reference no: EM133360038

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