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Three years ago, Adrian purchased 580 shares of stock in X Corp. for $59,740. On...

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Accounting

Three years ago, Adrian purchased 580 shares of stock in X Corp. for $59,740. On December 30 of year 4, Adrian sells the 580 shares for $53,940. What is the amount and character of any gain or loss, and what is the effect on his taxes this year?

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