Simon Purchased 1,000 Shares of ABC Stock for $8,000 on April

question 25

Multiple Choice

Simon purchased 1,000 shares of ABC stock for $8,000 on April 4.On March 1 he had sold 1,500 shares of ABC stock for $9,000 that he had purchased three months earlier for $15,000.What is Simon's realized and recognized loss, respectively, on the March 1 stock sale?

• A)$6,000, $6000
• B)$6,000, 0
• C)$6,000, $4,000
• D)$4,000, $6,000

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Definitions:

Temperament

The aspects of an individual's personality that are believed to be biologically based and observable from a young age, such as mood, energy level, and emotional reactivity.

Extraversion

A personality trait characterized by outgoingness, sociability, and a high level of activity and enthusiasm.

Agreeableness

Agreeableness is one of the Big Five personality traits, characterized by qualities such as kindness, warmth, cooperation, and a desire for social harmony.

Cohort

A group of people banded together or treated as a group, often used in studies to examine variables within a specified population section.