Calculate the amount of gain or loss on the sale
An investor purchased 549 shares of common stock, $27.00 par, for $49.00. Subsequently, 95 shares were sold for $60.00 per share. What is the amount of gain or loss on the sale (round to two decimal points)?
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The concepts, principles, and standards specifying the information which should be included in financial statements, and how that information should be presented.
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