Question
3. Chen Xis sold the following securities during 2019: Date Acquired Date Sold Sales Price Basis A 5-15-2013 4-30-2018 $ 8,000 $12,000 B 7-12-2018 11-1-2018
3. Chen Xis sold the following securities during 2019:
|
| Date Acquired | Date Sold | Sales Price | Basis |
| A | 5-15-2013 | 4-30-2018 | $ 8,000 | $12,000 |
| B | 7-12-2018 | 11-1-2018 | $ 4,000 | $ 11,000 |
| C | 1-15-2018 | 7-18-2018 | $16,000 | $13,000 |
| D | 4-2-2014 | 11-21-2018 | $40,000 | $45,000 |
What is Chen Xis adjusted net capital gain or loss result for the year?
A) $0
B) $9,000 ANCG
C) ($13,000) ANCL
D) NSTCL of $3,000 and NLTCG of $15,000
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College Accounting Ch 1-14
Authors: John Wild, Vernon Richardson, Ken Shaw
1st Edition
0073346896, 9780073346892
