On January 1,2014,Benson Corporation Paid $800,000 to Purchase 40% of the Outstanding

Multiple Choice

On January 1,2014,Benson Corporation paid $800,000 to purchase 40% of the outstanding stock of Kroger Company.Kroger Company reported net income of $200,000 for the year ending December 31,2014 and paid cash dividends of $60,000 during 2014.On January 1,2015,Benson Corporation sells its entire investment in Kroger Company for $1,100,000.Benson Corporation will report a(n) :

A) realized gain on the sale of $300,000.
B) unrealized gain on the sale of $300,000.
C) realized gain on the sale of $244,000.
D) unrealized gain on the sale of $244,000.