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Keisha Sold 200 Shares of Chic-Chic Stock in 2017 for $22,500

Question 75

Multiple Choice

Keisha sold 200 shares of Chic-Chic stock in 2017 for $22,500 and received a 1099-B to record the sale of the shares.Keisha's investment portfolio includes the following purchases of Chic-Chic's stock: 2008100 shares at $100 per share 200950 shares at $110 per share 2010125 shares at $130 per share 201375 shares at $125 per share \begin{array}{rr}2008 & 100 \text { shares at } \$ 100 \text { per share } \\2009 & 50 \text { shares at } \$ 110 \text { per share } \\2010 & 125 \text { shares at } \$ 130 \text { per share } \\2013 & 75 \text { shares at } \$ 125 \text { per share }\end{array} Assuming Keisha does not identify which shares she sold,she will recognize


A) no gain or loss.
B) $500 gain.
C) $1,000 loss.
D) $3,125 loss.

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