C Sold 300 Shares of IBM Stock for $5,200

question 7

Multiple Choice

C sold 300 shares of IBM stock for $5,200.She had paid $3,000 for the stock.Commissions of $300 on the sale and $180 on the purchase were paid.How much are C's amount realized and her gain realized, respectively, on this sale?

• A)$2,200 and $1,720
• B)$4,720 and $1,720
• C)$4,900 and $1,720
• D)$5,200 and $2,200

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