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What amount of loss on these securities should be included

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Problem - On its December 31, 2018, balance sheet, Fay Company reported equity investments at a market value of $183,000. There was no change during 2019 in the composition of Fay's portfolio of marketable equity securities. Pertinent data are as follows:

Security

Cost

Market Value at 12/31/2018

Market Value at 12/31/2019

A

$ 60,000

$ 62,000

$ 63,000

B

45,000

42,000

40,000

C

80,000

79,000

78,500

Totals

$ 185,000

$ 183,000

$181,500

Required - What amount of loss on these securities should be included in Fay's income statement for the year ended December 31, 2019?

Reference no: EM132887761

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