A person owned 300 shares of mno common stock which cost


A person owned 300 shares of MNO common stock, which cost $23,400. MNO then had a 3-for-1 stock split. After the split, the person sold 100 shares for $5,600. How much gain (or loss) resulted from the sale?

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Accounting Basics: A person owned 300 shares of mno common stock which cost
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