Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. john bought 2,100 shares of intel stock on october

John bought 2,100 shares of Intel stock on October 18, 2014, for $52 per share...

70.2K

Verified Solution

Question

Accounting

image

John bought 2,100 shares of Intel stock on October 18, 2014, for $52 per share plus a $750 commission he paid to his broker. On December 12, 2018, he sells the shares for $75.50 per share. He also incurs a $1,000 fee for this transaction Problem 7-41 Part-c C-1. What is the gain/loss for John on the sale of his Intel stock

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

Accounting
1.2K views

(1) a city levies property taxes to use for general operations of the city in the...

Biology
1.2K views

5 d Which of the follo Select one

Physics
1.2K views

In a series LCR circuit L 10 H C 160 uF and R 80 Q...

Algebra
1.2K views

X9 For each rational equation determine the least common denominator 10 5 7 R x...

Accounting
1.2K views

ucky Cow Dairy provided the following expense information for May:Assembly-line workers' wages$72,600Caps for milk bottles3500Reconfiguring...

Accounting
1.2K views

Which of the following tax formulas is correct? ...

Accounting
1.2K views

In 2018, Simon, age 12, has interest income of $8,960 and no earned income. He...

Accounting
1.2K views

Joe, Inc. purchased a machine on January 1, 2009 for $60,000; the machine had an...

Accounting
1.2K views

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The...

Accounting
1.2K views

A company has outstanding 312 $1,000 bonds, each convertible into 22 shares of $9 par...

Accounting
1.2K views

Selected stock transactions Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby,...

Accounting
1.2K views

Compare and contrast a financial audit versus an operation review using the following characteristics: Purpose,...