Business, 03.12.2019 20:31, ubdental

During 2014 logic company purchased 8,000 shares of midi, inc. for $30 per share. the investment was classified as a trading security. during the year logic company sold 2,000 shares of midi, inc. for $35 per share. at december 31, 2014 the market price of midi, inc.’s stock was $28 per share. what is the total amount of gain/(loss) that logic company will report in its income statement for the year ended december 31, 2014 related to its investment in midi, inc. stock? a. ($16,000)b. $10,000c. ($6,000)d. ($2,000)

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During 2014 logic company purchased 8,000 shares of midi, inc. for $30 per share. the investment was...