14 - 14-26) a)2000 gain b) 9,000 loss...

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Forrest Ryan McCann 14-21) A) Amt Realized is 12,000 + 28,000= 40,000 B) 40,000-32,000= 8,000 14-22) 30,000+25000+10,000-(10,000+32,000)=23,000 b)23,000-42,000=19,000 14-23) $1,950 use fifo 14-24) 80k-10k=70kgain b)35k-50k=15k c) basis for gain is 10k basis for loss is 50k
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Unformatted text preview: 14-26) a)2000 gain b) 9,000 loss 14-28)a)2400-900=1500-800=700 loss b)0 14-33) 400 500 9000 12500 Sell all 400 sell 200 At 5000 at 3000 Purch 400 purch 100 At 5500 at 1600 A) 2000 B) 100/200=.5x2000=1000 C) 1600+1000=2600 Pg. 14-27 WASH SALES...
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This note was uploaded on 03/22/2011 for the course BUS 3000 taught by Professor None during the Fall '11 term at Texas Woman's University.

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