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NBD Corporation purchased 19,000 shares (12%) of JET, Inc. stock on August 14, 2020 paying $37 per share. NBD Corporation sold shares of the JET,
NBD Corporation purchased 19,000 shares (12%) of JET, Inc. stock on August 14, 2020 paying $37 per share. NBD Corporation sold shares of the JET, Inc. stock as follows: July 17, 2021: September 6, 2022: sold 3,000 shares for $38 per share sold 7,000 shares for $40 per share The year-end market values of the JET, Inc. stock were as follows: December 31, 2020: December 31, 2021: December 31, 2022: market value was $35 per share market value was $36 per share market value was $43 per share The realized gain reported on NBD's 2022 income statement related to its investment in JET, Inc. stock was equal to: $49,000 $63,000 $31,000 $21,000 $114,000 $28,000 $14,000 $54,000 none of the above choices are correct The unrealized gain reported on NBD's 2022 income statement related to its investment in JET, Inc. stock was equal to: $49,000 $63,000 $31,000 $21,000 $114,000 $28,000 $14,000 $54,000 none of the above choices are correct
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