Melonie Purchased 100 Shares of Wake Corporation Stock for $6

question 11

Multiple Choice

Melonie purchased 100 shares of Wake Corporation stock for $6 per share on August 3,2014.On December 18,2015,Melonie sells all 100 shares for $4 per share.On January 5,2016,Melonie purchases 50 shares of Wake stock for $5 per share.What is the basis of the 50 shares Melonie holds on January 5,2016?

• A)- 0 -
• B)$50
• C)$250
• D)$450
• E)$650

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Definitions:

Risks And Benefits

The potential negative and positive outcomes associated with a decision or action.

Communicating

The act of conveying information or expressing ideas and emotions through speech, writing, gestures, or other methods.

Legal Implications

Legal implications refer to the potential consequences or legal outcomes that may result from actions, decisions, or business practices within the framework of the law.

Denying Credit

Refusing to extend financial credit or loans to an individual or entity based on assessment criteria such as credit history.