Chana purchased 400 shares of Tronco Corporation stock for $40,000 in On December...

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Accounting

Chana purchased 400 shares of Tronco Corporation stock for $40,000 in
On December 27,2023, Chana sells the 400 shares for $24,000. Chana
purchases 300 shares of Tronco Corporation stock on January 16,2024 for
$8,000. Chana's recognized loss on sale of the 400 shares in 2023 and her
basis in her 300 new shares are
A)
B)
C)
D)
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