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How much should abc report as cumulative unrealized gain

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Question 1: On April 30, 2020, ABC Corporation purchased 5,000 shares of $100-par value shares of XYZ Corporation. It costed ABC $120 per share. As of the end of years 2020 and 2021, the shares were last traded at $130 and $134 per share. How much should ABC report as cumulative unrealized gain on the investment in its statement of changes in shareholder's equity as of Dec. 31, 2021?

Reference no: EM132826523

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