(Answered) Question - perez sold 200 shares of redlin company stock on

Accounting

Question - Perez sold 200 shares of Redlin Company stock on December 5, 2017, for $12,000. The stock was acquired five years earlier for $20,000. Perez also purchased 150 shares of Redlin Company stock on November 20, 2017, for $8,250. What is Perez's recognized loss on the sale of the 200 shares on December 5?

A. $1,250

B. $2,000

C. $6,000

D. $8,000

E. None of the above

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