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13) ABC Corporation has the following investment which was held throughout 2021-2022: ...

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Accounting

13) ABC Corporation has the following investment which was held throughout 2021-2022:

Fair Value

Cost 12/31/21 12/31/22

Equity investment $900,000 $1,200,000 $1,300,000

What amount of gain or loss would ABC Corporation report in its income statement for the year ended December 31, 2022 related to its investment?

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