Deirdre sold 108 shares of stock to her brother, James, for $3,132. Deirdre purchased the...
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Accounting
Deirdre sold 108 shares of stock to her brother, James, for $3,132. Deirdre purchased the stock several years ago for $4,320. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)
A. What amount of gain or loss does James recognize if he sells the stock for $2,700?
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