Solution-What amount of gain or loss would reed corporation

What amount of gain or loss would reed corporation report

Reference no: EM131768470

Reed Corporation has the following investments which were held throughout 2015-2016:

Fair Value
		Cost		12/31/15	12/31/16
Trading	$700,000	$900,000	$850,000
Available-for-sale	700,000	750,000	845,000

What amount of gain or loss would Reed Corporation report in its income statement for the year ended December 31, 2015 related to its investments?

Reference no: EM131768470

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What amount of gain or loss would reed corporation report

Reference no: EM131768470

Reference no: EM131768470

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