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How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold? Required information The following information

How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold?

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Required information The following information applies to the questions displayed below.] George bought the following amounts of Stock A over the years: Date Purchased 11/21/1986 3/18/1992 5/22/2001 Number of Adjusted Shares Basis Stock A Stock A Stock A 860 $14,620 6,760 630 17,010 520 On October 12, 2018, he sold 1,075 of his shares of Stock A for $38 per share a. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold

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