On april 18 2010 jim sold 300 shares of redwood corporation, Ask an Expert

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On April 18, 2010 Jim sold 300 shares of Redwood Corporation common stock for $8400. Jim acquired the stock in 2006 at a cost of $10000. On May 9, 2010 he repurchased 150 shares of Redwood corporation common stock for $3600 and held them until August 25th when he sold them for $6000. How should Jim report the above transaction for 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M985269

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