(Answered) Question - olga a cash basis taxpayer traded a corporate

Accounting

Question - Olga, a cash basis taxpayer, traded a corporate bond with accrued interest of $300 for corporate stock with a fair market value of $11,000 at the time of the exchange. Olga's cost of bond was $10,000. The value of the stock had increased to $12,000 by the end of the year. What is Olga's gross income?

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