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Business, 01.11.2019 06:31 ysabel0420

Billy luker made several stock sales during 2018. determine the overall result of the following transactions: date purchased cost date sold sales price 1-1-19 $ 4,000 6-2-19 $ 6,000 7-6-18 10,000 7-7-19 14,000 7-6-18 20,000 7-6-19 17,000 4-3-18 5,000 6-2-19 4,000 a. $2,000 net short-term capital gain. b. $3,000 net long-term capital gain and $1,000 net short-term capital loss. c. $2,000 net long-term capital gain. d. $4,000 net long-term capital gain and $2,000 net short-term capital loss.

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