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.

Calculate the unrealized loss reported on Fisher's 2007 income statement. Do not use a minus sign,
decimals or type the word loss in your answer. If an unrealized loss would not be recorded on this
investment, enter a 0 as your answer.

Explanation / Answer

$200 unrealized gain

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