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Ten years ago, Ms. Dee purchased 1,700 shares of Fox common stock for $132 per share. On June 2 of the current year she sold

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Ten years ago, Ms. Dee purchased 1,700 shares of Fox common stock for $132 per share. On June 2 of the current year she sold 850 shares for $96 per share. Required: Compute Ms. Dee's recognized loss on sale assuming that: a. She purchased 950 shares of Fox common stock on June 28 for $98 per share. b. She purchased 950 shares of Fox common stock on August 10 for $103 per share. c. Compute Ms. Dee's tax basis in the 950 shares purchased in part a. d. Compute Ms. Dee's tax basis in the 950 shares purchased in part b. Ten years ago, Ms. Dee purchased 1,700 shares of Fox common stock for $132 per share. On June 2 of the current year she sold 850 shares for $96 per share. Required: Compute Ms. Dee's recognized loss on sale assuming that: a. She purchased 950 shares of Fox common stock on June 28 for $98 per share. b. She purchased 950 shares of Fox common stock on August 10 for $103 per share. c. Compute Ms. Dee's tax basis in the 950 shares purchased in part a. d. Compute Ms. Dee's tax basis in the 950 shares purchased in part b

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