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Andrew Acquires 2,000 Shares of Eagle Corporation Stock for $100,000

Question 153

Multiple Choice

Andrew acquires 2,000 shares of Eagle Corporation stock for $100,000 on March 31, 2014. On January 1, 2018, he sells 125 shares for $5,000. On January 22, 2018, he purchases 135 shares of Eagle Corporation stock for $6,075. When does Andrew's holding period begin for the 135 shares?


A) January 22, 2018.
B) January 22, 2018 for 125 shares and March 31, 2014 for 10 shares.
C) March 31, 2014.
D) March 31, 2014, for 125 shares and January 22, 2018, for 10 shares.
E) None of the above.

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