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What should be reported as loss on disposal

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Question - On January 1, 2022, Butchie Company purchased a short term investment of 50,000 ordinary shares of Binkie Company for 32 per share. On December 31, 2022, the market price of Binkie's share was 23 per share reflecting a temporary decline in market price. On Dec. 23, 2023, Butchie sold 32,000 shares of Binkie Company for 20 per share. What should be reported as loss on disposal of short term investment in Dec. 31, 2023?

A. 90,000

B. 218,000

C. 384,000

D. 96,000

Reference no: EM133031403

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