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24. CPA Exam Question. Nyle Corp. owned 100 shares of Beta Corp. stock that it bought 16 years ago f0| $9 per share. This year,

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24. CPA Exam Question. Nyle Corp. owned 100 shares of Beta Corp. stock that it bought 16 years ago f0| $9 per share. This year, when the fair market value of the Beta stock was $20 per share, Nyle distributed this stock to a noncorporate shareholder. Nyle's recognized gain on this distribution was: a. $2,000 b. $1,100 c. $900 d. $0

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