Ms. fresh bought 1000 shares of ibis corporation stock for, Ask an Expert

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Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,000 on January 15, 2009. On December 31, 2011 she sold all 1,000 shares of her Ibis stock for $4,500. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2012 for $3,000. What is Ms. Fresh's recognized loss on her 2011 sale and what is her basis in her 1000 shares purchased in 2012?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9418432

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