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(5 points) During 2020, BCD Corp. purchased 179,000 shares of Southern Corp.'s common stock for $1,432,000 with the intent to actively trade the stock
(5 points) During 2020, BCD Corp. purchased 179,000 shares of Southern Corp.'s common stock for $1,432,000 with the intent to actively trade the stock as part of an existing portfolio. The fair value of the shares was $1,403,000 at the end of 2020 and the company sold the shares for $1,613,000 in 2021. Based on this information, what should BCD Corp. report as a realized gain in 2021? (A 33) $210,000 $29,000 No gain would have been reported. This would have been recorded as a loss. $181,000
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