An investor purchased 500 shares of common stock, $25 par, for $21,750 . Subsequently, 100 shares were sold for $49.50 per share. What is the amount of gain or loss on the sale?
a. $12,750 gain
b. $600 gain
c. $600 loss
d. $9,250 loss
b
Business
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Which one of the following below is not an element of internal control?
A) risk assessment B) monitoring C) information and communication D) behavior analysis
Business
Examples of special-purpose training are literacy training and diversity training
Indicate whether the statement is true or false.
Business
Implied warranties can arise from a "usage of trade."
Indicate whether the statement is true or false
Business
When the Federal Reserve buys or sells Treasury securities to affect the money supply, it uses
A) open market operations. B) reserves at commercial banks. C) discount rate adjustments. D) federal funds adjustments.
Business