15) Lord Corporation purchased 2,000 shares of Prince common stock ($50 par) at $73 per...
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15) Lord Corporation purchased 2,000 shares of Prince common stock ($50 par) at $73 per (Apts) share as a short-term investment. The shares were subsequently sold at $77 per share. The cost of the securities purchased and gain or loss on the sale were Cost a. $100,000 b. $100,000 c. $146,000 d. $146,000 Gain or Loss $54,000 loss $54,000 gain $8,000 loss $8,000 gain B D
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