Frances sold 100 shares of Fine Corporation common stock for $4,200. She had paid $3,000...
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Accounting
Frances sold 100 shares of Fine Corporation common stock for $4,200. She had paid $3,000 for the stock. Commissions of $220 on the sale and $160 on the purchase were paid. How much is Frances amount realized and her gain realized, respectively, on this sale?
Multiple Choice
$1,200; $820
$4,200; $1,200
$3,980; $820
$3,820; $820
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