Question
Melissa purchased 300 shares of ABC Corp stock for 80,000 on June 15, 2012, On August 12, 2014, she sells her 300 shares for 45,000.
Melissa purchased 300 shares of ABC Corp stock for 80,000 on June 15, 2012, On August 12, 2014, she sells her 300 shares for 45,000. On September 1 2014 she purchased 100 shares of ABC Corp for 15 000. What is Melissa's
1. realized gain or loss.
2. recognized gain or loss on the sale of the ABC.
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Basic Statistics For Business And Economics
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen
9th Edition
1260187500, 978-1260187502
