Reiko buys 200 shares of Saratoga Corporation common stock on December 10,2015,for $2,000.He buys an additional 200 shares for $1,800 on December 23,2016.On December 28,2016,Reiko sells 100 of the first 200 shares for $800.He sells the remaining 300 shares for $2,500 on November 15,2017.What is(are)the amount(s)and the year of recognition of losses that Reiko can recognize?

Question

Reiko buys 200 shares of Saratoga Corporation common stock on December 10,2015,for $2,000.He buys an additional 200 shares for $1,800 on December 23,2016.On December 28,2016,Reiko sells 100 of the first 200 shares for $800.He sells the remaining 300 shares for $2,500 on November 15,2017.What is(are)the amount(s)and the year of recognition of losses that Reiko can recognize?
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Quizplus · Accepted Answer

The Answer of Reiko buys 200 shares of Saratoga Corporation common stock on December 10,2015,for $2,000.He buys an additional 200 shares for $1,800 on December 23,2016.On December 28,2016,Reiko sells 100 of the first 200 shares for $800.He sells the remaining 300 shares for $2,500 on November 15,2017.What is(are)the amount(s)and the year of recognition of losses that Reiko can recognize?
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Reiko Buys 200 Shares of Saratoga Corporation Common Stock on December