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Calculate Portia's long-term gain/loss. Property Date Purchased Date Sold Purchase Price Sales Price Echo Industries 04/20/2007 11/30/2020 $9,851 $6,276 Charlie Distributors 05/04/2019 06/13/2020 $7,418 $1,038
Calculate Portia's long-term gain/loss.
| Property | Date Purchased | Date Sold | Purchase Price | Sales Price |
|---|---|---|---|---|
| Echo Industries | 04/20/2007 | 11/30/2020 | $9,851 | $6,276 |
| Charlie Distributors | 05/04/2019 | 06/13/2020 | $7,418 | $1,038 |
| Tango Corp | 09/11/2019 | 08/31/2020 | $8,471 | $27,019 |
| Alpha Inc. | 12/26/2019 | 12/27/2020 | $5,000 | $29,500 |
Select one:
a. $33,093
b. $14,545
c. $63,833
d. $36,814
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
3rd Edition
133427889, 978-0133427882
