Business, 05.04.2021 23:50 ortega103

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 In the following year, the Barnes common stock is sold for cash proceeds of $57,000. The gain or loss to be recognized on the sale is a loss of $2,000. loss of $3,000. loss of $1,000. gain of $1,200.

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