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Shen purchased corporate stock for $108,850 on April 10, 2017. On July 14, 2019, when the stock was worth $65,310, Shen died and his son,
- Shen purchased corporate stock for $108,850 on April 10, 2017. On July 14, 2019, when the stock was worth $65,310, Shen died and his son, Mijo, inherited the stock. Mijo sold the stock for $76,195 on November 12, 2019.
- What is the amount and character of Mijo's gain or loss?
- He has a $____________________ long-term capital gain
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
