Zeep Company purchased shares of Zoop Inc on June 30,2016 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 30,2016 for $7,500.At the end of August these shares are now worth $6,500.Zeep has an unrealized loss on this investment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The value of the shares has decreased from the purchase price, resulting in an unrealized loss for Zeep Company.

Zeep Company Purchased Shares of Zoop Inc on June 30,2016