Upon her grandfather's death, Jayden inherited 10 shares of Axiom Corp. stock that had a...
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Accounting
Upon her grandfather's death, Jayden inherited 10 shares of Axiom Corp. stock that had a fair market value of $5,000. Her grandfather acquired the shares in 1995 for $2,500. Four months after her grandfather's death, Jordan sold all her shares of Axiom for $7,500. What was Jayden's recognized gain in the year of sale?
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