D Mylab and Mastering CSecure https://www.mathxl.com/Student/PlayerTest.aspx?tes

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D Mylab and Mastering CSecure https://www.mathxl.com/Student/PlayerTest.aspx?testld-176891561&centerwin-yes; -course Home xTake a Test - zakia opianix 6 BUSAC 186-2561 MW 10-11:50AM zakia opiani 4/10/18 8:21 PM Quiz: Chapter 8 Quiz Time Remalning: 01:29:38 Submit Quiz This Question: 1 pt 4 of 21 (0 complete) This Quiz: 25 pts possible On January 1 2016, Benson Co poration paid S820 00 to purchase 50% o the outstanding stock o we in C mpany. Westin Company reported net income of St 50 000 for the year ending D center 31 2016 and declared and paid cash dividends of 580,000 during 2016. On January 1, 2017, Benson Corporation sells its entire investment in Westin Company for $1,300,000. Benson Corporation will report a(n): O A. unrealized gain on the sale of $445,000 O B. realized gain on the sale of $445,000 O C. unrealized gain on the sale of $480,000. O D. realized gain on the sale of $480,000. Click to select your answer

Explanation / Answer

B) realized gain on the sale of $445,000.

Benson Corporation will report a(n):

= $1,300,000 - [$820,000 + ($150,000 × 50%) - ($80,000 × 50%)]

= $445,000

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