Mega Company Receives Net Proceeds of $73,000 on the Sale

Multiple Choice

Mega Company receives net proceeds of $73,000 on the sale of stock investments that cost $79,000. This transaction will result in reporting in the income statement a

A) loss of $6,000 under "Other expenses and losses."
B) loss of $6,000 under "Operating expenses."
C) gain of $6,000 under "Other revenues and gains."
D) gain of $6,000 under "Operating revenues."