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17. This year Ann has the following stock transactions. What amount is included in her gross income if Ann paid a $215 selling commission for
17. This year Ann has the following stock transactions. What amount is included in her gross income if Ann paid a $215 selling commission for each sale?
| Shares | Firm | Total Purchase price | Sales price | Value at year end | |
| 100 | IBM | $ | 5,700 | $7,000 | |
| 200 | ATT | 10,550 | 15,000 | ||
| 500 | Dell | 14,900 | 15,600 | ||
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
