Question: Your Answer Correct Answer In 2 0 2 4 , Carla Vista Company purchased 8 7 0 0 0 shares of Kingbird Corporation common stock

Your Answer Correct Answer In 2024, Carla Vista Company purchased 87000
Your Answer
Correct Answer
In 2024, Carla Vista Company purchased 87000 shares of Kingbird Corporation common stock for $1330000 as an equity investmer The fair value of these shares was $1263000 at December 31,2024. Carla Vista sold all of the Kingbird stock for $17 per share on December 3,2025, incurring $63000 in brokerage commissions. Carla Vista Company should report a realized gain on the sale of stock in 2025 of
$86000.
$153000
$216000
$149000
shares of Kingbird Corporation common stock for $1330000 as an equity investmer

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