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Decker Corporation purchased 1,000 shares of Kent...

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Decker Corporation purchased 1,000 shares of Kent common stock at $75 per share plus $3,000 brokerage fees as a short-term investment. The shares were subsequently sold at $80 per share less $3,400 brokerage fees. The cost of the securities purchased and gain or loss on the sale were: a. $75,000 cost, 5,000 gain b. $75,000 cost, 1,400 loss c. $78,000 cost, 2,000 gain d. $78,000 cost, 1,400 loss

 

Paper#8135 | Written in 18-Jul-2015

Price : $25
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