On January 1,2019,Heitzman Company purchased the following shares of stock as a long-term investment:
The fair values of the stocks subsequently were as follows:
Calculate the amount of unrealized gain or loss Heitzman would report on its income statement at both December 31,2019 and December 31,2020.

Question

On January 1,2019,Heitzman Company purchased the following shares of stock as a long-term investment:
  The fair values of the stocks subsequently were as follows:
  Calculate the amount of unrealized gain or loss Heitzman would report on its income statement at both December 31,2019 and December 31,2020.

Quizplus · Accepted Answer

The Answer of On January 1,2019,Heitzman Company purchased the following shares of stock as a long-term investment:
  The fair values of the stocks subsequently were as follows:
  Calculate the amount of unrealized gain or loss Heitzman would report on its income statement at both December 31,2019 and December 31,2020.

On January 1,2019,Heitzman Company Purchased the Following Shares of Stock