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Perez Company began operations in 2013. Since then, it has reported the following gains and...

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Accounting

Perez Company began operations in 2013. Since then, it has reported the following gains and losses for its investments in trading securities on the income statement:

2013 2014 2015

Gains (losses) from sale of trading securities $ 15,000 $(20,000) $ 14,000

Unrealized holding losses on valuation of trading securities (25,000)

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