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What is Jane's recognized loss on the sale




The answer is (d) $525 but I do not understand how to reach that answer. Here is the question;In 2007, Jane Jones pays $2500 for 1000 shares of ABC common stock. On August 27, 2011, Jane purchases an additional 250 shares of ABC common stock for $600. On September 5, 2011, she sells the 1000 shares purchased in 2007 for $1800. Jane's recognized loss on the sale is;(a) $175;(b) $350;(c) $525;(d) $700;(e) No loss is recognized.


Paper#24261 | Written in 18-Jul-2015

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