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Frances sold 100 shares of Fine Corporation common stock for $4,200. She had paid $3,000...

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Question

Accounting

Frances sold 100 shares of Fine Corporation common stock for $4,200. She had paid $3,000 for the stock. Commissions of $220 on the sale and $160 on the purchase were paid. How much is Frances amount realized and her gain realized, respectively, on this sale?

Multiple Choice

  • $1,200; $820

  • $4,200; $1,200

  • $3,980; $820

  • $3,820; $820

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