Multiple Choice
On January 21,2007,Andy purchased 350 shares of Baker common stock for $24,500.On November 13,2017,he sold the 350 shares for $7,250.On December 1,2017,Andy purchased 350 shares of Baker common stock for $8,000.What is Andy's basis in these shares?
A) $8,000
B) $25,250
C) $24,500
D) $17,250
Correct Answer:
Verified
Correct Answer:
Verified
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