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Anne owns 300 shares of Davenport Co. She acquire the shares three years ago. her...

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Accounting

Anne owns 300 shares of Davenport Co. She acquire the shares three years ago. her adjusted basis in the shares is 10,000 and their fair market value is $20,00. In July she received stock rights worth $4,000. She sold the rights in September for $5,000. Her gain or loss on the rights of sale is?

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