15 An investor purchased 579 shares of common stock, $20 par, for $20,844. Subsequently,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
15
An investor purchased 579 shares of common stock, $20 par, for $20,844. Subsequently, 90 shares were sold for $28 per share. What is the amount of gain or loss on the sale?
a. $720 loss
b. $1,440 gain
c. $1,440 loss
d. $720 gain
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
