Roberta purchased 50 shares of the XYZ Company for $20 a share for a total of $1,000. Six months later the price of the same stock increased to $35 a share and Roberta sold all 50 shares. If she had no expenses in the purchase or sale of the stock, Roberta has: A) $1,750 short-term gain OB) $1,750 long-term gain C) $750 short-term gain D) $750 long-term gain

Roberta purchased 50 shares of the XYZ Company for $20 a share for a total of $1,000. Six months later the price of the same stock increased to $35 a share and Roberta sold all 50 shares. If she had no expenses in the purchase or sale of the stock, Roberta has: A) $1,750 short-term gain OB) $1,750 long-term gain C) $750 short-term gain D) $750 long-term gain

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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