Record the sale of the shares


Keisha sold 200 shares of Chico's stock in 2010 for $22,500 and received a 1099-B to record the sale of the shares. Keisha's investment portfolio includes the following purchases of Chico's stock:

Assuming Keisha does not identify which shares she sold, she will recognize

A. No gain or loss

B. $500 gain

C. $1,000 loss

D. $3,125 loss

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Accounting Basics: Record the sale of the shares
Reference No:- TGS067910

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