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How much gain should Rice report on its tax return

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Question - During 2020, Rice Corp. sold 1,000 shares of its $10 par value common stock for $20,000. The stock was originally issued in 2018 for $13 a share and reacuired by Ric ein 2019 for $17 a share. How much gain should Rice report on its 2020 tax return?

Reference no: EM132864263

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