McGyer Limited invests its excess cash in short term investments.The following information is available about its investments at December 31,2016:
If McGyer accounts for these at fair value through profit or loss investments,what is the amount of gain/loss to be recorded in fiscal 2016?
A) A loss of $4,000.
B) A gain of $4,000.
C) A loss of $8,000.
D) A gain of $8,000.
Correct Answer:
Verified
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