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A stock is purchased for $100 plus a commission of $5. It is held for 2 years, then sold for $130 prior to any commission.
A stock is purchased for $100 plus a commission of $5. It is held for 2 years, then sold for $130 prior to any commission. A commission of $8 was paid on the sale transaction. The capital gain on this sale was: A. $25 B. $30 C. $17
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
3rd edition
9781337909402, 978-1337788281
