Sadie sold 10 shares of stock to her brother, George, for $500 six months ago....
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Accounting
Sadie sold 10 shares of stock to her brother, George, for $500 six months ago. Sadie had purchased the stock for $600 two years earlier. If George sells the stock for $700 six months later, what is the amount and character of his recognized gain or loss in the current year?
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