Perez Company began operations in 2013. Since then, it has reported the following gains and...
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Accounting
Perez Company began operations in 2013. Since then, it has reported the following gains and losses for its investments in trading securities on the income statement:
2013 2014 2015
Gains (losses) from sale of trading securities $ 15,000 $(20,000) $ 14,000
Unrealized holding losses on valuation of trading securities (25,000)
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