On September 1,2X12,Yelter Oil purchased trading securities consisting of common and preferred stocks.The portfolio consists of:
$\begin{array} { l l l l }
\text { Company } & \# \text { of shares } & \text { purchase price/Share } & \text { market value (9/30/2X12) } \
\text { Haring } & 400 & \$ 24 & \$ 20 \
\text { jacker } & 200 & \$ 16 & \$ 19
\end{array}$ What will be the net gain or loss recorded on Yelter Oil's income statement for the quarter ended September 30,2X12?

Question

On September 1,2X12,Yelter Oil purchased trading securities consisting of common and preferred stocks.The portfolio consists of:
 $\begin{array} { l l l l } 
\text { Company } & \# \text { of shares } & \text { purchase price/Share } & \text { market value (9/30/2X12) } \
\text { Haring } & 400 & \$ 24 & \$ 20 \
\text { jacker } & 200 & \$ 16 & \$ 19
\end{array}$ What will be the net gain or loss recorded on Yelter Oil's income statement for the quarter ended September 30,2X12?

Quizplus · Accepted Answer

The Answer of On September 1,2X12,Yelter Oil purchased trading securities consisting of common and preferred stocks.The portfolio consists of:
 $\begin{array} { l l l l } 
\text { Company } & \# \text { of shares } & \text { purchase price/Share } & \text { market value (9/30/2X12) } \
\text { Haring } & 400 & \$ 24 & \$ 20 \
\text { jacker } & 200 & \$ 16 & \$ 19
\end{array}$ What will be the net gain or loss recorded on Yelter Oil's income statement for the quarter ended September 30,2X12?

On September 1,2X12,Yelter Oil Purchased Trading Securities Consisting of Common