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A Sold 100 Shares of F Corporation Stock for $32,500

Question 8

Multiple Choice

A sold 100 shares of F corporation stock for $32,500.A had to pay a sales commission of $940.F had originally paid $14,750 for the shares and a purchase commission of $420.How much are A's amount realized and gain realized, respectively?


A) $32,500; $16,390
B) $31,140; $16,390
C) $31,560; $16,390
D) $31,140; $17,750

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