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:

Credibility

The quality or power of inspiring belief; how trustworthy or believable a person, organization, or piece of information is perceived to be.

Likability

The quality or state of being pleasant, agreeable, and easy to enjoy, often influencing social acceptance and interpersonal relationships.

Salesperson

An individual who sells goods or services to customers for a living, often directly interacting with the buyers.

Social Pressure

The influence exerted by society or a social group on an individual to encourage conformity to norms, values, or behaviors.