Business, 27.03.2021 06:20 jake9919

During 2017, Grambling Company purchased 10,000 shares of Southern Corp. common stock for $215,000 as a passive interest investment. The fair value of these shares was $289,000 at December 31, 2017. During 2018, Grambling sold all of the Southern stock for $226,000. Grambling Company should report a realized gain on the sale of stock in 2018 of:.A. $25,000. B. $26,000.
C. $11,000.
D. $37,000.

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During 2017, Grambling Company purchased 10,000 shares of Southern Corp. common stock for $215,000 a...

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