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

question 2

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
• E)None of the above

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Definitions:

FBI

The Federal Bureau of Investigation, a U.S. governmental agency that handles investigations into federal crimes, including terrorism, cybercrime, and public corruption.

Disparagement

The act of making false or misleading statements about a business or individual's goods, services, or property, which can cause economic harm.

Damages

Compensation imposed by law for loss or injury caused by the wrongful act of another.

Marketability

The ease with which a product or service can be sold or the likelihood of it being sold quickly at a reasonable price.