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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: Note: Loss
Required Information. [The following information applies to the questions displayed below] George bought the following amounts of Stock A over the years: Note: Loss amounts should be Indicated with a minus sign. Date Purchased Number of Shares Stock A 11/21/1996 1,060 Adjusted Basis $ 25,440 Stock A 3/18/2002 530 9,540 Stock A 5/22/2011 810 29,160 On October 12, 2022, he sold 1,290 of his shares of Stock A for $38 per share. WHICHE 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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