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Firm J sold marketable securities to Company B. Firm J's tax basis in the securities was $54,500. Compute Firm J's recognized gain or loss if.

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Firm J sold marketable securities to Company B. Firm J's tax basis in the securities was $54,500. Compute Firm J's recognized gain or loss if. (If the results of a transaction do not result in a gain or loss, select 'No gain/loss') a. The selling price was $72,750, and Firm J and Company B are unrelated parties. b. The selling price was $72.750, and Firm J and Company B are related parties. c. The selling price was $47,300, and Firm J and Company B are unrelated parties. d. The selling price was $47.300, and Firm J and Company B are related parties

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