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Simon Purchased 1,000 Shares of ABC Stock for $8,000 on April

Question 2

Multiple Choice

Simon purchased 1,000 shares of ABC stock for $8,000 on April 4.On March 1 he had sold 1,500 shares of ABC stock for $9,000 that he had purchased three months earlier for $15,000.What is Simon's realized and recognized loss,respectively,on the March 1 stock sale?


A) $6,000,$6000
B) $6,000,0
C) $6,000,$4,000
D) $4,000,$6,000
E) None of the above

Correct Answer:

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