Karen purchased 100 shares of gold corp stock for 10000 on, Ask an Expert

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Karen purchased 100 shares of Gold Corp. stock for $10,000 on January 1, 2004. On June 1, 2014, she sells her 100 shares for $3,000. On June 27, 2014, she purchased 30 shares of Gold Corp. for $1,000. What is Karen's (1) realized gain or loss and (2) recognized gain or loss on the sale of the Gold Corp. stock, and (3) what is her basis in the 30 shares purchased on June 27, 2014?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949428

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