In 2021, Investor Co. purchased 1,000 bonds of Investee Co. for $23,000. These bonds were...
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In 2021, Investor Co. purchased 1,000 bonds of Investee Co. for $23,000. These bonds were properly accounted for as available for sale. At December 31, 2021, the Investee Co.s bonds were being traded at $18. On February 1, 2022, Investor sold 500 of Investees bonds for $16 per bond. In the financial statements for its fiscal year ended December 31, 2022, Investor should report a realized loss on sale of the Investee Co. bonds equal to what?
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