Annette purchased stock on March 1, 2017, for $200,000. At December 31, 2017, it was worth $210,000. She also purchased a bond on September 1, 2017, for $20,000. At year end, it was worth $15,000. Determine Annette's realized and recognized gain or loss.

Question

Quizplus · Accepted Answer

The Answer of Annette purchased stock on March 1, 2017, for $200,000. At December 31, 2017, it was worth $210,000. She also purchased a bond on September 1, 2017, for $20,000. At year end, it was worth $15,000. Determine Annette's realized and recognized gain or loss.

Annette Purchased Stock on March 1, 2017, for $200,000