Karen makes the following purchases and sales of stock: Assuming that Karen is unable to identify the

Question:

Karen makes the following purchases and sales of stock:

Assuming that Karen is unable to identify the particular lots that are sold with the original purchase, determine the recognized gain or loss on each type of stock:
a. As of July 1, 2014.
b. As of December 31, 2014.
c. As of December 31, 2015.
d. As of July 1, 2016.

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