Lana purchased for $1,410 a $2,000 bond when it was issued two years ago. Lana amortized $200
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Question:
Lana purchased for $1,410 a $2,000 bond when it was issued two years ago. Lana amortized $200 of the original issue discount and then sold the bond for $1,800. Which of the following statements is correct?
a. Lana has $10 of long-term capital loss.
b. Lana has $190 of long-term capital gain.
c. Lana has no capital gain or loss.
d. Lana has $190 of long-term capital loss.
e. None of the above.
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Business Communication Building Critical Skills
ISBN: 978-0077637194
6th edition
Authors: Kitty Locker, Stephen Kaczmarek
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