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Firm J sold marketable securities to Company B. Firm J's tax basis in the securities was $65,000. Compute Firm J's recognized gain or loss it:

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Firm J sold marketable securities to Company B. Firm J's tax basis in the securities was $65,000. Compute Firm J's recognized gain or loss it: (If the results of a transaction do not result in a gain or loss, select 'No gain/loss') a. The selling price was $79,250, and Firm J and Company B are unrelated parties. b. The selling price was $79,250, and Firm J and Company B are related parties. c. The selling price was $56,200, and Firm J and Company B are unrelated parties. d. The selling price was $56,200, and Firm J and Company B are related parties

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