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Determine the total amount of unrealized gain

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Reference no: EM132487481

Logic Company did not own any debt or equity investments at January 1, 2020. During 2020, Logic purchased 15,000 shares of Irrational, Inc. for $32.10 per share as a passive investment. During the year, Logic sold 5,900 shares of those shares for $34 per share. At December 31, 2020, the market price of Irrational's stock was $31.75 per share.

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Question 1: For its investment in Irrational Inc. stock, determine the total amount of unrealized gain/(loss) that Logic will report as part of Net Income for the year ended December 31, 2020.

Reference no: EM132487481

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