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Business, 07.04.2020 03:16 paigehixson9457

During 2017, jackson company purchased 17,000 shares of monticello corp. Common stock for $382,500 as a passive interest investment. The fair value of these shares was $373,150 at december 31, 2017. Jackson sold all of the monticello stock for $27.25 per share on july 3, 2018, incurring $15,000 in brokerage commissions. Jackson company should report a realized gain on the sale of stock in 2018 of:.
A. $65,750.
B. $75,100.
C. $80,750.D. $90,100.

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During 2017, jackson company purchased 17,000 shares of monticello corp. Common stock for $382,500 a...
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