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Shauna Sells 100 Shares of UTP Inc

Question 45

True/False

Shauna sells 100 shares of UTP Inc.common stock on December 28,2019 for $10,000.She had purchased these shares three years earlier for $7,000.Shauna again purchases 100 common shares on January 20,2020 for $9,000.Shauna will not recognize any loss or gain on the stock sale in 2019.

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