Review problem on common stocks

Assignment Help Accounting Basics

Reference no: EM132085447

Question: This sale below was reported to IRS only with proceeds price, no basis was determined by the broker.

On May 1, 2016, Jean and James sold 25,600 shares common for paid a total This was to help them pay some of the overwhelming medical bills. They of in broker fees in the disposition of the stock Jean originally purchased the stock on March 20, 1980. She bought 100 shares of WMT's common stock for Stock splits have been very profitable.

Reference no: EM132085447

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