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Perez sold 200 shares of Redlin Company stock on December 5, 2017, for $12,000. The stock was acquired five years earlier for $20,000. Perez also
Perez sold 200 shares of Redlin Company stock on December 5, 2017, for $12,000. The stock was acquired five years earlier for $20,000. Perez also purchased 150 shares of Redlin Company stock on November 20, 2017, for $8,250. What is Perez's recognized loss on the sale of the 200 shares on December 5?
A. $1,250
B. $2,000
C. $6,000
D. $8,000 (I know this answer to be incorrect from exam results already)
E. None of the above
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