Question
Nando has had a pretty good year in the stock market. He purchased 1,000 shares of Oracle at the beginning of the year for a
Nando has had a pretty good year in the stock market. He purchased 1,000 shares of Oracle at the beginning of the year for a price of $95 each. He also bought 95 Apple shares for $695 per share and 400 shares of Facebook for $399 each. During the year, he sold all of his Oracle shares for $105 less a commission of 2%. He kept the Apple and Facebook shares which were worth $975 and $325 per share, respectively. What will be Nandos realized income, economic income, and recognized income for the year?
Group of answer choices
7,900; ($3,000); $10,000
7,900; ($3,000); $7,900
10,000; $0; $7,900
0; ($3,000); $10,000
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