Emily sold the following investments during the year: $\begin{array}{lllll}\text { Stock }&\text { Date Purchased }&\text { Date Sold }&\text { Sales Price }\
\text { a. } \text { 1,000 shares Dot Com Co. } & 03-21-2008 & 02-04-2019 & \$ 20,000 \
\text { b. } 500 \text { shares Big Box Store } & 05-19-2018 & 01-22-2019 & \$ 8,200 \
\text { c. 300 shares Lotta Fun, Inc. } & 10-02-2018 & 09-21-2019 & \$ 3,000 \
\text { d. } 700 \text { shares Local Gas Co. } & 06-17-2018 & 11-11-2019 & \$ 14,000
\end{array}$ For each stock, calculate the amount and the nature of the gain or loss.

Question

Emily sold the following investments during the year: $\begin{array}{lllll}\text { Stock }&\text { Date Purchased }&\text { Date Sold }&\text { Sales Price }\
\text { a. }  \text { 1,000 shares Dot Com Co. } & 03-21-2008 & 02-04-2019 & \$ 20,000 \
\text { b. } 500 \text { shares Big Box Store } & 05-19-2018 & 01-22-2019 & \$ 8,200 \
\text { c. 300 shares Lotta Fun, Inc. } & 10-02-2018 & 09-21-2019 & \$ 3,000 \
\text { d. } 700 \text { shares Local Gas Co. } & 06-17-2018 & 11-11-2019 & \$ 14,000
\end{array}$ For each stock, calculate the amount and the nature of the gain or loss.

Quizplus · Accepted Answer

The Answer of Emily sold the following investments during the year: $\begin{array}{lllll}\text { Stock }&\text { Date Purchased }&\text { Date Sold }&\text { Sales Price }\
\text { a. }  \text { 1,000 shares Dot Com Co. } & 03-21-2008 & 02-04-2019 & \$ 20,000 \
\text { b. } 500 \text { shares Big Box Store } & 05-19-2018 & 01-22-2019 & \$ 8,200 \
\text { c. 300 shares Lotta Fun, Inc. } & 10-02-2018 & 09-21-2019 & \$ 3,000 \
\text { d. } 700 \text { shares Local Gas Co. } & 06-17-2018 & 11-11-2019 & \$ 14,000
\end{array}$ For each stock, calculate the amount and the nature of the gain or loss.

Emily Sold the Following Investments During the Year For Each Stock, Calculate the Amount and the Nature of Stock