Broward Corp. owns 1,500 shares of Silver Fox Corporation common stock. Broward Corp. purchased the 1,500 shares on April 17,2009, for $20,000. On December 8, 2014, Broward sells 750 shares for $5,000. On January 2, 2015, Broward Corp. buys 250 shares of Silver Fox Corporation common stock for $1,750 and 50 shares of Silver Fox Corporation preferred stock for $1,000. The preferred stock is nonvoting, nonconvertible.

What is Broward's realized and recognized loss on the December 8 sale of stock?

Disallowed loss = 1428.57

Explanation:

given data

                   Units      total cost

17 Apr, 09           1500   20000

8 Dec, 14             -750   -5000

2 Jan, 15              250    1750

2 Jan, 15                50    1000

solution

we get  here Broward  realized and recognized loss that is

The loss or gain on sale         (5000 - 20000 ÷ 2)    -5000

Allowed loss                          (750 ÷ 1050) × 5000     3571.43

Disallowed loss                                                             1428.57

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

answer; situational irony;