Behrend (a US Corp.) purchased ten thousand shares of PSU Corporation stock in 2013 for $500 per share and classified the investment as securities...

Behrend (a US Corp.) purchased ten thousand shares of PSU Corporation stock in 2013 for $500 per share and classified the investment as securities available for sale. PSU’s market value was $600 per share on December 31, 2013. During 2014, Behrend sold all of its PSU stock at $700 per share. For 2014, Behrend would report.

A)

a realized gain of $1,000,000.

B)

a realized gain of $2,000,000.

C)

a realized gain of $3,000,000.

D)

None of the above