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Required information [The following information applies to the questions displayed below.] Deirdre sold 176 shares of stock to her brother, James, for $4,400. Deirdre purchased

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Required information [The following information applies to the questions displayed below.] Deirdre sold 176 shares of stock to her brother, James, for $4,400. Deirdre purchased the stock several yeafs ago for $5,632 Note: Loss amounts should be indicated by a minus sign. Leave no answers blank. Enter zero if applicable. a. What gain or loss does Deirdre recognize on the sale? Required information [The following information applles to the questions displayed below.] Deirdre sold 176 shares of stock to her brother, James, for $4,400. Deirdre purchased the stock several years ago for $5,632. Note: Loss amounts should be indicated by a minus sign. Leave no answers blank. Enter zero if applicable. b. What amount of gain or loss does James recognize if he sells the stock for $6,160 ? Required information [The following information applies to the questions displayed below.] Deirdre sold 176 shares of stock to her brother, James, for $4,400. Deirdre purchased the stock several years ago for $5,632. Note: Loss amounts should be indicated by a minus sign. Leave no answers blank. Enter zero if applicable. c. What amount of gain or loss does James recognize if he sells the stock for $4,928? Required information [The following information applies to the questions displayed below.] Deirdre sold 176 shares of stock to her brother, James, for $4,400. Deirdre purchased the stock several years ago for $5,632. Note: Loss amounts should be indicated by a minus sign. Leave no answers blank. Enter zero if applicable. d. What amount of gain or loss does James recognize if he sells the stock for $3,520

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