Meta Inc.pays $18,000 to buy stock in another company and an additional $350 in commissions.Three months later, Meta sells the stock for $19,000.At the time of sale, Meta will recognize a:

Question

Quizplus · Accepted Answer

To determine the gain or loss, we need to subtract the cost of the stock plus commission ($18,000 + $350 = $18,350) from the selling price ($19,000), which gives us a gain of $650. Therefore, the answer is D, a $650 gain.

Meta Incpays $18,000 to Buy Stock in Another Company and an an Additional