When an investor sells shares of its investee company, which of - 12316

Solution Posted by
yousafbhutta

yousafbhutta

Rating : (28)C
Solution Detail
Price: $0.50
  • From: Business,
  • Posted on: Sun 08 Jul, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

7. When an investor sells shares of its investee company, which of the following statements is true?(Points : 1)
        A realized gain or loss is reported as the difference between selling price and original cost
        An unrealized gain or loss is reported as the difference between selling price and original cost
        A realized gain or loss is reported as the difference between selling price and carrying value
        An unrealized gain or loss is reported as the difference between selling price and carrying value
        Any gain or loss is reported as part as comprehensive income

Solution Description

7. When an investor sells shares of its investee company, which of the following statements is true?(Points : 1)
        A realized gain or loss is reported as the difference between selling price and original cost
 &