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Question 5 Spencer transacted on shares of stock in BIG Corporation over the course of...

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Question 5 Spencer transacted on shares of stock in BIG Corporation over the course of several years. He purchased 500 shares of stock in 20x1 for $120/share, 200 shares in 20x2 for $110/share, and 300 shares in 20x4 for $100. He sold 400 shares in 20x3 He sold the remainder in 20x5 for $90/share. What taxable gain or loss does Spencer realize in 20x5? $10,000 gain a. Ob. $10,000 loss O c. $17,000 loss d. $13,200 loss

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