Solved: What amount of gain or loss would reed corporation report, Accounting Basics

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What amount of gain or loss would reed corporation report

Reed Corporation has the following investments which were held throughout 2015-2016:

Fair Value
		Cost		12/31/15	12/31/16
Trading	$700,000	$900,000	$850,000
Available-for-sale	700,000	750,000	845,000

What amount of gain or loss would Reed Corporation report in its income statement for the year ended December 31, 2015 related to its investments?

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