Question
On September 18, 2024, A Company purchased 8,000 shares (9%) of Tesla, Inc. stock for $39 per share. The market value per share of Tesla's
On September 18, 2024, A Company purchased 8,000 shares (9%) of Tesla, Inc. stock for $39 per share. The market value per share of Tesla's stock at December 31, 2024 was $44. On May 12, 2025, The Company sold 2,300 shares of its Tesla stock for $36 per share. The market value of Tesla's stock at December 31, 2025 was $31 per share. The Company sold 3,700 shares of its Tesla stock on July 19, 2026 for $42 per share. At December 31, 2026, the market value of the Tesla stock was $46 per share.
What is the amount of the realized gain reported on The Company's 2026 income statement?
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
