On February 1, 2015, Vermont Corp.pays $50,000 for shares of Stream, Inc.common stock and another $1,000 in commissions.Assume that Vermont sells the Stream stock on May 20, 2015, for $53,000.In this case, Vermont recognizes
A) An increase in assets and stockholders' equity for $2,000.
B) An decrease in assets and an increase in stockholders' equity for $2,000.
C) An increase and decrease in assets by the same amount.
D) An increase in assets and stockholders' equity for $3,000.
Correct Answer:
Verified
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