On May 18, 2012, Sara purchased 30 shares of ABC stock for $210, and on October 29,
Question:
On May 18, 2012, Sara purchased 30 shares of ABC stock for $210, and on October 29, 2012, she purchased 90 additional shares for $900. On November 28, 2012, she sold 48 shares, which could not be specifically identified, for $576, and on December 8, 2012, she sold another 25 shares for $150. What is her recognized gain or loss?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
Capital Gain Short Term Capital Gai...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Question Posted:
Students also viewed these Accounting questions
-
Sheryl sold 100 shares of ABC stock for $2,100 and 300 shares of XYZ stock for $8,900. She purchased the ABC stock four years ago for $1,200 and the XYZ stock two years ago for $9,100. What is the...
-
Johnny buys 100 shares of ABC stock for $70 per shares on 2/1/2008. He then borrows 100 shares of ABC stock from his broker and sells the stock for $90 per share on 3/1/2008. On 3/18/2008, Johnny...
-
Agnes sold 50 shares of ABC stock to her son, Steve, in year 4 for $42,000. She bought the stock eight years ago for $50,000. Steve sold the stock to an unrelated party in year 6 for $60,000. How...
-
According to the law of sales contracts, all parties must act in good faith, which means they must act honestly. True/False
-
Which of the, two phenols in each set is more acidic? Explain. Phenol or m-chlorophenol
-
Harmons has two operating departments, Clothing and Shoes. Indirect expenses for the period follow. The company occupies 4,000 square feet of a rented building. In prior periods, the company divided...
-
What is the difference between null and alternative hypothesis?
-
Presented below is information related to Farr Company. Retained earnings, December 31, 2010 ............. $ 650,000 Sales ........................... 1,400,000 Selling and administrative expenses...
-
Find V 1 V 5 V source I 2 I 3 I 4 I 5 R 1 R 2 R 3 R 4 R total. V 2 = 6 0 . 0 V , V 3 = 9 0 . 0 V , V 4 = 5 0 . 0 V , I 1 = 1 . 5 A , I total = 4 . 0 A , R 5 = 3 0 ohms. Indicate where appropriate....
-
Make a chart that compares systemic arteries, capillaries, and systemic veins. Consider the following properties: structure; amount of smooth muscle; presence of valves; cross-sectional area; blood...
-
Carl had the following transactions for 2012: Salary: $55,000 Damage award (compensatory) for city bus accident: $20,000 Loss on sale of stock investment: $4,500 Loan from father to purchase auto:...
-
Barker, Inc. receives subscription payments for annual (one year) subscriptions to its magazine. Payments are recorded as revenue when received. Amounts received but unearned at the end of each of...
-
Explain the greatest irony in fund use of 12b-1 fees.
-
Two examples of exception to the special harm requirement for slander are _____________ and ______________.
-
To be considered defamatory, a statement a. must actually injure the plaintiffs reputation. b. the plaintiff must prove that at least one person understood it to refer to the plaintiff. c. the...
-
Defamation is allowed for a. living persons. b. estates. c. all those hearing the statement. d. none of the above.
-
True Or False To recover for trade libel, a plaintiff must show that the defendant made a false statement that ridiculed or disgraced the plaintiffs good or business.
-
Privileges can either be ____________ or __________.
-
Consider the limiting reactant concept and predict how many liters of steam are released from the reaction of 5.00 L of hydrogen gas and 5.00 L of oxygen gas (assume constant temperature and...
-
Cassandra Casey operates the Futuristic Antique Store. She maintains subsidiary ledgers for accounts payable and accounts receivable. She presents you with the following information for October 2019:...
-
Identify two groups that are likely to benefit from ecological tariffs and explain how they would benefit.
-
Account analysis. Raymondos Restaurant wants to find an equation to estimate monthly utility costs. Raymondos has only been in business for one month, January 2008, and has the following information...
-
Account analysis method. Gower, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2009. Gower,...
-
Estimating a cost function, high-low method. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes...
-
1. A businessman travels between the cities of the following graph. The travel pattern is that he stays in one of the cities for the whole day, and on the next day, he travels to one of the...
-
How do historical legacies of colonialism, imperialism, and systemic injustice continue to shape contemporary power structures, and what steps can be taken to address and redress these historical...
-
Izabella is 20 years old. Eighteen months ago, she started selling some of her old clothing which no longer suited her on peer-to-peer social shopping apps such as Letgo and Depop. She was surprised...
Study smarter with the SolutionInn App