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During the Current Year, the Hampton Company Purchased 200 Shares

Question 31

Multiple Choice

During the current year, The Hampton Company purchased 200 shares of Hilton stock for $15,000 as a short-term investment. At the end of the year, the market value of the stock was $11,000. The Hampton Company's financial statements for the current year will show:


A) an unrealized loss of $4,000 on the income statement and short-term investments of $15,000 on the balance sheet.
B) an unrealized gain of $4,000 on the income statement and short-term investments of $11,000 on the balance sheet.
C) an unrealized loss of $4,000 on the income statement and short-term investments of $11,000 on the balance sheet.
D) all of the above.

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