Question:Pryor Company receives net proceeds of $42,000 on the sale of stock investments that cost of $39,000. This transaction will result in reporting in the income statement a: 

A loss of $2,500 under "other expenses and losses". 
B loss of $2,500 under "operation expenses". 
C gain of $2,500 under "other revenues and gains". 
D gain of $2,500 under "operating revenues". 

+ Answer
C 

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Md. Saydul Alam

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