On October 1, 2006, Fisher Corp. acquired 200 shares (5%) of Wychek, Inc. stock

Question

On October 1, 2006, Fisher Corp. acquired 200 shares (5%) of Wychek, Inc. stock for $25 per share. On December 1, 2006,
Fisher Corp. received a dividend of $3 per share on the Wychek stock. The market value per share of Wychek's stock as of
December 31, 2006 and 2007, was $29 and $12, respectively.

How much unrealized gain should Fisher report in its 2006 income statement?

Question 2 options:
A) $600 unrealized gain
B) $1,400 unrealized gain
C) $200 unrealized gain
D) $800 unrealized gain
E)
an unrealized gain would not be recorded on this investment

Explanation / Answer

$200 unrealized gain

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