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The Following Stock Transactions Were Completed by the Executive Vice

Question 117

Multiple Choice

The following stock transactions were completed by the executive vice president of Vinco,Inc.,a publicly traded corporation: January 12,2016 -EVP sells 100 shares @ $40 per share
May 5,2016 - EVP buys 100 shares @ $20 per share
June 1,2016 - EVP sells 100 shares @ $30 per share
Which of the following statements is correct?


A) EVP has a short-swing profit of $2,000.
B) EVP has a net loss of $1,000.
C) EVP has a short-swing profit of $1,000.
D) EVP has a short-swing profit of $3,000.

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