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What the amount of the unrealized gain reported

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On June 16, 2021, Tg-9dF Company paid $22 per share to purchase 7,300 shares (8%) of Spy Corporation stock as an investment. At
December 31, 2021, the Spy Corporation stock had a market value of $19 per share. Tg-9dF Company sold 2,200 of these shares on May 1, 2022 for $25 per share. The Spy Corporation stock had a market value of $30 per share at December 31, 2022. Tg-9dF sold 2,500 of these shares on August 1, 2023 for $39 per share. At December 31, 2023, the Spy Corporation stock had a market value of $41 per share.

Problem 1: The amount of the unrealized gain reported by Tg-9dF Company in its 2023 income statement related to the Spy Corporation stock would be equal to:

Reference no: EM132701398

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