Over the Past 20 Years, Alfred Has Purchased 380 Shares

question 53

Multiple Choice

Over the past 20 years, Alfred has purchased 380 shares of Green, Inc., common stock. His first purchase was in 1994 when he acquired 30 shares for $20 a share. In 2001, Alfred bought 150 shares at $10 a share. In 2016, Alfred acquired 200 shares at $50 a share. Alfred intends to sell 125 shares at $60 per share in the current year (2017) . If Alfred's objective is to minimize gain and assuming he can adequately identify the shares to be sold, what is his recognized gain?

• A)$1,250
• B)$3,520
• C)$5,950
• D)$6,250
• E)None of the above

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Definitions:

Organic Amnesia

A memory disorder usually caused by brain damage or disease, where the ability to learn new information or retrieve information formed before the incident is impaired.

Psychogenic Amnesia

A memory disorder characterized by sudden temporary memory loss, that cannot be attributed to a neurological condition.

Sexual Instincts

Innate or biological urges related to sexuality and reproduction.

Jung

A reference to Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology.