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    Owns 100 shares of AB Corporation stock, which was purchased

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    Owns 100 shares of AB Corporation stock, which was purchased three years ago for $5,000. Sells all 100 shares on December 27, of the current year, for $4,000 and on January 5, of the following year, purchases 60 shares of AB Corporation stock. Recognized loss will be?

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    https://brainmass.com/business/accounting-for-corporations/shares-ab-corporation-stock-purchased-446613

    Solution Summary

    The expert examines the purchase of a stock when a company owns 100 shares of AB corporation stock.

    $2.19

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