Solution-What is the recognized gain or loss on each type

What is the recognized gain or loss on each type of stock

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Problem -

Transaction	Date	# of shares	Company	Price per share
Purchase	1-1-2009	300	MDG	75
Purchase	6-1-2009	150	GRU	300
Purchase	11-1-2009	60	MDG	70
Sale	12-3-2009	180	MDG	70
Purchase	3-1-2010	120	GRU	375
Sale	8-1-2010	90	GRU	330
Sale	1-1-2011	150	MDG	90
Sale	2-1-2011	75	GRU	500

Assuming that Karen is unable to identify the particular lots that are sold with the original purchase, what is the recognized gain or loss on each type of stock as of the following dates:

a. 7-1-2009

b. 12-31-2009

c. 12-31-2010

d. 7-1-2011

Reference no: EM131798808

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What is the recognized gain or loss on each type of stock

Reference no: EM131798808

Reference no: EM131798808

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