Recognized loss on the sale


In 2007, Jane Jones pays $2,500 for 1,000 shares of ABC common stock. On August 27, 2011, Jane purchases an additional 250 shares of ABC common stock for $600. On September 5, 2011, she sells the 1,000 shares purchased in 2007 for $1,800. Jane's recognized loss on the sale is:

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Accounting Basics: Recognized loss on the sale
Reference No:- TGS058688

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