Ten years ago, Ms. Dee purchased 1,500 shares of Fox common stock for $128 per...
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Accounting
Ten years ago, Ms. Dee purchased 1,500 shares of Fox common stock for $128 per share. On June 2 of the current year she sold 750 shares for $94 per share. Compute Ms. Dees recognized loss on sale assuming that:
a.She purchased 850 shares of Fox common stock on June 28 for $96 per share.
b.She purchased 850 shares of Fox common stock on August 10 for $101 per share.
c.Compute Ms. Dees tax basis in the 850 shares purchased in a.
d.Compute Ms. Dees tax basis in the 850 share purchased in b.
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