Problemon march 10 2015 chris sold 300 shares of diamond, Ask an Expert

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On March 10, 2015 Chris sold 300 shares of Diamond Company common stock for $42,000. He had acquired the stock in 2010 at a cost of $50,000. On April 4, 2015 he purchased 300 shares of Diamond stock for $36,000 and held them until July 18, 2015, when he sold them for $60,000. How should Chris report the above transactions in 2015?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92750058

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