Chapter $9$ Homework $($i$)$

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Eight years ago, SW purchased $1,000$ shares of Delta stock. On May $20$ of the current year, it sold these shares

$10$

for $$90$ per share.

points

$02$:$41$:$27$

Required:

In each of the following cases, compute SW$\text{'}$s recognized gain or loss on this sale:

a$.$ SW$\text{'}$s cost basis in the $1,000$ shares was $$104$ per share. It did not purchase any other Delta shares during this year.

b$.$ SW$\text{'}$s cost basis in the $1,000$ shares was $$104$ per share. It purchased $1,200$ shares of Delta on May $1$ for $$92$ per share.

c$.$ SW$\text{'}$s cost basis in the $1,000$ shares was $$104$ per share. It purchased $1,200$ shares of Delta on June $8$ for $$92$ per share.

d$.$ SW$\text{'}$s cost basis in the $1,000$ shares was $$79$ per share. It purchased $1,200$ shares of Delta on June $8$ for $$92$ per share.

$\backslash$table$[[,,$Amount$],[$a$.,,],[$b$.,,],[$c$.,,],[$d$.,,]]$