Person a purchases a share of stock on 112013 for 100, Accounting Basics

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Person a purchases a share of stock on 112013 for 100

Problem

Person A purchases a share of stock on 1/1/2013 for $1.00. Person A purchased another share of stock on 2/1/2013 for $2.00. Person A purchased the last share on 3/1/2013 for $3.00. Person A sold a random share on 12/1/2013 for $5.00. What is the gain recognized?

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Accounting Basics: Person a purchases a share of stock on 112013 for 100

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Accounting Basics: Person a purchases a share of stock on 112013 for 100

Reference No:- TGS02752178

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