What is the realized and recognized gain or loss, Accounting Basics

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What is the realized and recognized gain or loss

Question: What is the realized and recognized gain or loss for each of the following independent transactions where the computer is exchanged? for? a. A used computer with a $ 83 comma 000 FMV plus $ 22 comma 000 cash. b. A used computer with a $ 19 comma 000 FMV plus $ 3 comma 000 cash. c. Marketable securities with a $ 105 comma 000 FMV

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Accounting Basics: What is the realized and recognized gain or loss

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