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Sam Bought a House for $200,000 $50,000 \$ 50,000 B) $260,000 \$ 260,000

Question 3

Multiple Choice

Sam bought a house for $200,000. He spent $50,000 to add a room. He sold the house for $260,000. Sam's realized gain is:


A) $50,000 \$ 50,000
B) $260,000 \$ 260,000
C) $10,000 \$ 10,000
D) $150,000 \$ 150,000

Correct Answer:

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