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At December 31, 2014, the Trading Securities for Saddle, Inc

Question 72

Multiple Choice

At December 31, 2014, the trading securities for Saddle, Inc. are as follows: At December 31, 2014, the trading securities for Saddle, Inc. are as follows: Saddle should report the following amount related to the securities in its 2014 income statement: A) $4,000 gain B) $7,000 realized loss. C) $7,000 unrealized loss. D) $11,000 unrealized loss. Saddle should report the following amount related to the securities in its 2014 income statement:


A) $4,000 gain
B) $7,000 realized loss.
C) $7,000 unrealized loss.
D) $11,000 unrealized loss.

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