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What is the recognized gain or loss and how is it classified

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Question - On October 10, 2008, an investor purchased 1,000 shares of Ivy Corporation for $10,000. On January 2, 2009, the stock became worthless. What is the recognized gain or loss and how is it classified?

a. $3,000 STCL.

b. $10,000 STCL.

c. $3,000 LTCL.

d. $10,000 LTCL.

e. None of the above.

Reference no: EM131766073

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