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During 2021, Blossom Company purchased 22000 shares of Wildhorse Corp. common stock for $473000 as a passive interest investment. The fair value of these shares
During 2021, Blossom Company purchased 22000 shares of Wildhorse Corp. common stock for $473000 as a passive interest investment. The fair value of these shares was $635800 at December 31, 2021. During 2022, Blossom sold all of the Wildhorse stock for $497200. Blossom Company should report a realized gain on the sale of stock in 2022 of $24200. $57200. $55000. $81400 Step by Step Solution
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Wiley CPAexcel Exam Review 2018 Study Guide Auditing And Attestation
Authors: Wiley
1st Edition
1119480671, 978-1119480679
