Zeep Company purchased shares of Zoop Inc on June 30, 2020 for $7,500. At the end of August these shares are now worth $6,500. Zeep has an unrealized loss on this investment.

Name: Zeep Company purchased shares of Zoop Inc on June 30, 2020 for $7,500. At the end of August these shares are now worth $6,500. Zeep has an unrealized loss on this investment.
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Question

Quizplus · Accepted Answer

Because the current value of the shares is less than what Zeep paid for them, they have an unrealized loss.

Zeep Company Purchased Shares of Zoop Inc on June 30