Wyatt sold 300 shares of Clothes and More Inc., in 2015 for $30,000. Wyatt's investment portfolio includes the following purchases of Clothes and More Inc., stock:
Assuming Wyatt does not identify which shares he sold, he will recognize a(an)
A) $8,000 gain.
B) $7,125 gain.
C) $500 gain.
D) $500 loss.
Correct Answer:
Verified
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