McGyer Limited invests its excess cash in short term investments. The following information is available about its investments at December 31, 2012: 
If McGyer accounts for these as held-for-trading investments, what is the amount of gain/loss to be recorded in fiscal 2012?
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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