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

question 58

Multiple Choice

Andrew acquires 2,000 shares of Eagle Corporation stock for $100,000 on March 31,2011.On January 1,2015,he sells 125 shares for $5,000.On January 22,2015,he purchases 135 shares of Eagle Corporation stock for $6,075.When does Andrew's holding period begin for the 135 shares?

• A)January 22,2015.
• B)January 1,2015.
• C)March 31,2011.
• D)March 31,2011,for 125 shares and January 22,2015,for 10 shares.
• E)None of the above.

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