Compute the realized and recognized gain on sale, Managerial Accounting

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Compute the realized and recognized gain on sale

Qualified Small Business Stock

Response to the following problem:

Jenson pays $30,000 for Section 1202 qualified small business stock on February 16, 2005. In October 2014, Jenson sells the stock for $80,000.

a. Compute Jenson's realized and recognized gain on the sale.

b. How, if at all, would your answer to Part a. change if the stock were purchased on February 16, 2012?

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Managerial Accounting: Compute the realized and recognized gain on sale

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Managerial Accounting: Compute the realized and recognized gain on sale

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