Goldie sells 600 shares of Bear Corporation stock for $9,000 on December 14, 2016. She paid $27,000

Question:

Goldie sells 600 shares of Bear stock for $9,000 on December 14, 2016. She paid $27,000 for the stock in February 2013.
a. Assuming that Goldie has no other capital asset transactions in 2016, what is the effect of the sale on her 2016 income?
b. Assume that Goldie has no capital asset transactions in 2017. What is the effect of the Bear stock sale on her 2017 income?
c. On July 2, 2018, Goldie sells 100 shares of Panda for $12,400. Goldie purchased the stock on September 4, 2016, for $7,500. What is the effect of the sale on Goldie's 2018 income?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...