Which of the Following Constitutes a Realization

Multiple Choice

Which of the following constitutes a realization?
I.Frank's lakeside cottage is damaged in a violent storm. The cost of repairs totaled $4,000. However, the insurance company gives Frank only $2,500 for the repairs.
II.McDonald's cow gives birth. The calf will become a member of McDonald's feeder cattle herd.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.