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Alicia owns 100 shares of ABC common stock with a basis of $15,000 and a...

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Accounting

Alicia owns 100 shares of ABC common stock with a basis of $15,000 and a $40,000 FMV. She receives 100 stock rights with a total FMV of $20,000. Alicia decides to sell the stock rights for $25,000. What is her gain or loss on the sale of the stock rights?

A. 0

B. 1,000 gain

C. 3,000 gain

D. 4,000 gain

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