Sondia bought vacant land seven years ago for $125,000 and shares in a public corporation...
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Accounting
Sondia bought vacant land seven years ago for $125,000 and shares in a public corporation eight years ago for $105,000. He sold both properties in January of this year. The vacant land sold for $115,000; the shares sold for $107,000. What is Sondia's net capital gain or net capital loss?
a) net capital loss of $8,000
b) net capital loss of $4,000
c) net capital gain of $8,000
d) net capital gain of $4,000
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