An investor purchased 624 shares of common stock, $25 par, for $22,464. Subsequently, 112 shares were sold

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An investor purchased 624 shares of common stock, $25 par, for $22,464. Subsequently, 112 shares were sold for $49.50 per share. What is the amount of gain or loss on the sale?

Related Book For answer-question

Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Posted Date: Jan 08, 2021 02:02 AM

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An investor purchased 624 shares of common stock, $25 par, for $22,464. Subsequently, 112 shares were sold

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Corporate Financial Accounting

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