At the end of its first year, the trading securities portfolio consisted of the

Question

At the end of its first year, the trading securities portfolio consisted of the following common stocks.
                                                 Cost                  Fair Value
Atrium Corporation              $ 46,500             $ 50,000
Barnes Inc.                               60,000                  58,000
Cantor Corporation                80,000                  76,400
                                               $186,500             $184,400

The unrealized loss to be recognized under the fair value method is

Answer

$2,000.

$5,600.

$2,100.

$3,600.

$2,000.

$5,600.

$2,100.

$3,600.

Explanation / Answer

Answer: $2100

Unrealized loss=($186500-$184400)=$2100 Loss

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