An investor purchased 457 shares of common stock, $23 par, for $16,452. Subsequently, 114 shares...
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Accounting
An investor purchased 457 shares of common stock, $23 par, for $16,452. Subsequently, 114 shares were sold for $31 per share. What is the amount of gain or loss on the sale?
a.$1,482 loss b.$570 loss c.$570 gain d.$1,482 gain
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