Solved: Bob smith purchased 30 shares of xyz stock on april 30 2010, Accounting Basics

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Bob smith purchased 30 shares of xyz stock on april 30 2010

Question - Bob Smith purchased 30 shares of XYZ stock on April 30, 2010 for $210, and on September 1, 2010, he purchased 90 additional shares for $900. On November 8, 2010, he sold 48 shares, which could not be specifically identified, for $576, and on December 15, 2010, he sold another 25 shares for $50. What is his recognized gain or loss?

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Accounting Basics: Bob smith purchased 30 shares of xyz stock on april 30 2010

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