Explain average costs have not increased during past year
The president of a small firm has been complaining to the controller about raising labor and material costs. However, the controller notes that the average costs have not increased during the past year. Is it possible?
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Raising labor and material costs. However, the controller notes that the average costs have not increased during the past year. Is it possible?
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On Nov. 10, 2010, Matt purchased an addtional 1,000 shares of Orange Corporation stock from a friend for $150,000. On Sept, 15, 2011, Matt sold the 4,000 shares of stock for $120,000. How should Matt treat the sale of stock on his 2011 return?
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