Question
An investor purchased 699 shares of common stock, $20 par, for $33,552. Subsequently, 95 shares were sold for $28 per share. What is the amount
An investor purchased 699 shares of common stock, $20 par, for $33,552. Subsequently, 95 shares were sold for $28 per share. What is the amount of gain or loss on the sale?
a.$1,900 gain
b.$2,660 gain
c.$2,660 loss
d.$1,900 loss
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
15th edition
978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689
