Santana purchased 200 shares of Neffer, Inc. Common Stock on November 13, 2013, for $3,400 and paid a $200 commission. On December 28, 2013, Santana received a $2 per share cash dividend from Neffer. On June 17, 2014, Neffer declares and distributes a 2 for 1 stock split. On August 4, 2014, Santana purchased an additional 300 shares of Neffer, Inc. Common Stock for $4,200 plus a $300 commission. On November 22, 2014, Santana sells 500 shares of Neffer, Inc. stock for $6,000 and pays a $400 commission on the sale. Santana's gain loss) on the sale is
A) $ 500 loss
B) $ 500 gain
C) $2,700 loss
D) $2,000 gain
E) $3,600 loss
Correct Answer:
Verified
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