On October 1 of last year, Canadian Trader Corp.(CTC) purchased 1,000 shares of the Regal Bank for $50,000 as a trading investment.At year end, December 31, the fair value of these shares was $52,000.On February 1 of this year, CTC sold all these shares for $51,000.The realized gain (loss) that CTC will report this year is
A)a gain of $1,000.
B)a gain of $2,000.
C)a loss of $2,000.
D)a loss of $1,000.

Question

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The Answer of On October 1 of last year, Canadian Trader Corp.(CTC) purchased 1,000 shares of the Regal Bank for $50,000 as a trading investment.At year end, December 31, the fair value of these shares was $52,000.On February 1 of this year, CTC sold all these shares for $51,000.The realized gain (loss) that CTC will report this year is
A)a gain of $1,000.
B)a gain of $2,000.
C)a loss of $2,000.
D)a loss of $1,000.

On October 1 of Last Year, Canadian Trader Corp