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Business, 01.07.2019 23:20 help4068

During 2012, woods company purchased 40,000 shares of holmes corp. common stock for $630,000 as an available-for-sale investment. the fair value of these shares was $600,000 at december 31, 2012. woods sold all of the holmes stock for $17 per share on december 3, 2013, incurring $28,000 in brokerage commissions. woods company should report a realized gain on the sale of stock in 2013 of question 21 options: $22,000. $50,000. $52,000. $80,000.

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