Homer bought two blocks of 400 shares of stock, the first in March 2013 for $1,200, and the second in March 2024 for $1,600. In June of 2024, he sold 400 shares for $1,500 without specifying which block of shares he was selling.
What is the amount of Homer's gain/loss?
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Short-term loss of $100 |
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Short-term gain of $300 |
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Long-term loss of $100 |
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Long-term gain of $300 |
