No hand written work Itay Company was established on Jan 1st 2014 by issuing...
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Itay Company was established on Jan 1st 2014 by issuing 1,000 shares ($1 par value) for $20,000 in cash. On that same day Yuval company acquired 15% out of Itay company's shares and classified them as a trading security. On July 7th 2014 Yuval Company sold half of its investment on Itay Company for $2,000. Yuval Company prepares quarterly financial reports. The following is Itay company stock price: 1/Jan/2014 ???? 31/Mar/2014 30/Jun/2014 What is the realized capital gain/loss from shares sold in Yuval's income statement
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