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Cougar Corporation owns 1,000 shares of Western Corporation common stock, which it purchased on March 8,2010 for $12,000. On October 3,2016, Cougar purchases an additional
Cougar Corporation owns 1,000 shares of Western Corporation common stock, which it purchased on March 8,2010 for $12,000. On October 3,2016, Cougar purchases an additional 300 shares for $3,000. On October 12,2016, it sells the original 1,000 shares for $8,500. On November 1, 2016, it purchases an additional 500 shares for $4,000. what are the basis and holding period of the stock Cougar continues to hold?
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