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Annabelle Is a "Trader" in Securities

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Annabelle is a "trader" in securities. She works for a national securities firm. She occasionally buys and sells securities for her personal account. On May 10, 2017, she purchased 100 shares of Acorn, Inc. common stock for a total of $40,000. She sold all of those shares for a total of $46,000 on July 11, 2018. What was the amount and nature of her gain or loss from this transaction? What could she have done to change this result?

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Definitions:

Prospective Buyers

Potential customers who have shown interest in purchasing a product or service.

Functional

Describes something that is designed to be practical and useful rather than just attractive.

Challenges Faced

Difficult situations or obstacles that individuals or groups encounter which require effort and determination to overcome.

Geographic

Relating to the physical features, location, or characteristics of the earth or its environment.

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