Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 15 an investor purchased 579 shares of common sto

15 An investor purchased 579 shares of common stock, $20 par, for $20,844. Subsequently,...

80.2K

Verified Solution

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Part A An organism s adaptations are specific to its native environment An organism that...

Finance
1.2K views

Long-Term Financing Needed At year-end 2016, Wallace Landscaping’s total assets were $1.9 million, and its accounts payable...

Physics
1.2K views

Explain the following i)Refraction ii) Wave mode iii)Bloch body

Physics
1.2K views

A picture window has dimensions of 1.77 m by 2.68 m and is made of...

Basic Math
1.2K views

4 How long will it take the money to triple itself if invested at 10...

Basic Math
1.2K views

2 The demand function for q units of a certain product is given by the...

Statistics
1.2K views

The mean height of a certain kind of plant is 141 centimeters Suppose we want...

Statistics
1.2K views

Out of 178 randomly selected adults in the United States who were surveyed 77 exercise...

Accounting
1.2K views

Joe's Roadside Motel had the following balances in their General Ledgeraccounts at the end of...

Accounting
1.2K views

velue: 20.00 points The following information pertains to Peak Heights Company: Income Statement for Current...

Accounting
1.2K views

During the last accounting period, Crane Corporation sold 82000 units at $45 each. The variable...

Accounting
1.2K views

Exercise 5-10(Algo) Equivalent Units of Production-Weighted-Average Method [LO5-2] Alaskan Fisheries, Incorporated, processes salmon...