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On March 6, ABC Company purchased 3,000 shares of BAC Inc., as marketable securities, at a price of $3.5 per shares ABC Company also paid

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On March 6, ABC Company purchased 3,000 shares of BAC Inc., as marketable securities, at a price of $3.5 per shares ABC Company also paid $300 commission to a brokerage firm. On September 6, ABC Company sold 2,000 of these shares at a price of $4.2 per share. ABC Company also paid $350 commission to a brokerage firm Which of the following is correct regarding the transaction on September 6: Select one: a Gain on Sale of Investment is $850 b.Loss on Sale of Investment is $1,550 c.Loss on Sale of Investment is $7,000 d. Gain on Sale of Investment is $1,400

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