Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,000. \na. What gain or loss do
Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,000.
\r\na. What gain or loss does Deirdre recognize on the sale?
\r\nb. What amount of gain or loss does James recognize if he sells the stock for $3,200?
\r\nc. What amount of gain or loss does James recognize if he sells the stock for $2,600?
\r\nd. What amount of gain or loss does James recognize if he sells the stock for $2,000?
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