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Wyatt Sold 300 Shares of Clothes and More,Inc

Question 110

Multiple Choice

Wyatt sold 300 shares of Clothes and More,Inc.in 2014 for $30,000.Wyatt's investment portfolio includes the following purchases of Clothes and More,Inc.stock: Wyatt sold 300 shares of Clothes and More,Inc.in 2014 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. 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.

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