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How much did a corporation include in its 2011 income

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Reference no: EM13969208

The A Corporation ,2008, paid $50 per share for 10,000 shares of B Corporation. A Corporation chose to classify them as available for sale. At the end of 2009 B Corporation stock was selling for $60 per share. Subsequently, in 2010 B Corporation's stock rose to $65 per share. In 2011, A Corporation needed cash to fund a new project and sold its investment in B Corporation for $70 per share. How much did A corporation include in its 2011 income statement due to the sale?

$50,000 gain

$200,000 gain

$150,000 gain

None of the above

Reference no: EM13969208

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