Multiple Choice
Orange Company purchased a trading investment that had a carrying amount of $35,000 when they decided to sell it. Orange purchased the investment for $31,000. If Orange Company sold this investment for $43,000, Orange will have a(n) :
A) realized gain of $12,000.
B) realized gain of $8,000.
C) an unrealized loss of $3,000
D) an unrealized gain of $11,000.
Correct Answer:
Verified
Correct Answer:
Verified
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