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At the End of Its First Year, the Trading Securities

question 3

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At the end of its first year, the trading securities portfolio consisted of the following common stocks. At the end of its first year, the trading securities portfolio consisted of the following common stocks.   In the following year, the Barnes common stock is sold for cash proceeds of $57,000. The gain or loss to be recognized on the sale is a A) gain of $1,200. B) loss of $3,000. C) Loss of $1,000. D) loss of $2,000. In the following year, the Barnes common stock is sold for cash proceeds of $57,000. The gain or loss to be recognized on the sale is a

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