(Answered) Corky purchased 300 shares of carey inc stock for 25 per

Accounting

Corky purchased 300 shares of Carey, Inc. stock for $25 per share. At the end of the year, the stock price has risen to $30 per share. Corky continues to own the stock. Corky must currently recognize taxable income of $1,500 ($5 increase in value x 300 shares) for this event.

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