IDNLearn.com is designed to help you find the answers you need quickly and easily. Ask anything and get well-informed, reliable answers from our knowledgeable community members.
During 2021, Crane Company purchased 12000 shares of Windsor Corp. common stock for $258000 as a passive interest investment. The fair value of these shares was $346800 at December 31, 2021 During 2022, Crane sold all of the Windsor stock for $271200 . Crane Company should report a realized gain on the sale of stock in 2022 of a. $13200. b. $31200. c. $30000. d. $44400.
Sagot :
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. For trustworthy answers, visit IDNLearn.com. Thank you for your visit, and see you next time for more reliable solutions.
