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Feyenoord purchased 60,000 shares of Excelsior common stock for $845,000 in 2019. This investment did not give Feyenoord significant influence. The fair value of these
Feyenoord purchased 60,000 shares of Excelsior common stock for $845,000 in 2019. This investment did not give Feyenoord significant influence. The fair value of these shares was $800,000 at December 31, 2019. Feyenoord sold its Excelsior investment for $17 per share on October 3, 2020, incurring $42,000 in brokerage fees. What should Feyenoord report as a realized gain on this sale of stock in 2020? $175,000 $133,000. $220,000 $178,000
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