Andrew Acquires 2,000 Shares of Eagle Corporation Stock for $100,000

question 52

Multiple Choice

Andrew acquires 2,000 shares of Eagle Corporation stock for $100,000 on March 31, 2013. On January 1, 2017, he sells 125 shares for $5,000. On January 22, 2017, he purchases 135 shares of Eagle Corporation stock for $6,075. When does Andrew's holding period begin for the 135 shares?

• A)January 22, 2017.
• B)January 1, 2017.
• C)March 31, 2013.
• D)March 31, 2013, for 125 shares and January 22, 2017, for 10 shares.
• E)None of the above.

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