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    licoricemom's Avatar
    licoricemom Posts: 2, Reputation: 1
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    #1

    Mar 24, 2009, 07:39 PM
    Sale of Bonds
    Pima compay acquires 50, 10%, 5 year, $1000 community bonds and then sells them for $52,000 and pays $1500 in brokerage commissions what gain or loss is recognized?
    0
    Gain of $2,000
    Loss of $750
    Gain of $750
    Gain of $3,00
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 24, 2009, 09:35 PM

    It seems clear enough that the gain is $500.
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