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Jeannie purchased 1,000 shares in Course Developers for $10,000 on August 11, 2019. The company went bankrupt on May 11, 2020 with no hope of
Jeannie purchased 1,000 shares in Course Developers for $10,000 on August 11, 2019. The company went bankrupt on May 11, 2020 with no hope of recovery for the shareholders. On what date is the stock deemed to be worthless and what is the nature of the loss? Multiple Choice O December 31, 2019 short-term loss in 2019. December 31, 2020, short-term loss in 2020. December 31, 2020, long-term loss in 2020 May 11, 2020, short-term loss in 2020. S
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