Trading securities purchased in 2020 for $85,000 were valued at $80,000 on December 31,2020 ....
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Accounting
Trading securities purchased in 2020 for $85,000 were valued at $80,000 on December 31,2020 . The securities were sold at the beginning of 2021 for $83,000. The 2020 income statement should report a(n) : realized loss of $3,000. unrealized loss of $2,000 unrealized loss of $5.000
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