Xyz then had a 2-for-1 stock split - after the split the


A person owned 500 shares of XYZ common stock which cost $30000. XYZ then had a 2-for-1 stock split.

After the split, the person sold 100 shares for $7,000. How much gain resulted from the sale?

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Financial Accounting: Xyz then had a 2-for-1 stock split - after the split the
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