Solved: What is recognized gain or loss, Accounting Basics

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What is recognized gain or loss

Problem:

On April 18, 2010, Jane Juniper purchased 30 shares of Bryan Corp. stock for $210, and on September 29, 2010, she purchased 90 additional shares for $900. On November 28, 2010 she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares for $188. What is recognized gain or loss?

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Accounting Basics: What is recognized gain or loss

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