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What amount of gain or loss would blossom corporation report

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Reference no: EM132331658

Question

Blossom Corporation has the following investment which was held throughout 2018-2019:

Fair Value Cost 12/31/18

12/31/19Equity investment

$980000

$1290000

$1240000

What amount of gain or loss would Blossom Corporation report in its income statement for the year ended December 31, 2019 related to its investment?

Reference no: EM132331658

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