Lester Crown An Investor Bought 100 Shares Of D E F Stock On March 30th Year 1 4

Lester crown an investor bought 100 shares of d e f stock on March 30th year 1 4 $5,000 he shorts d e f on June 30th year 1 for $7,000 he closes the short sale on February the 15-year 2, using the shares he purchased on March 30th year 1 which is true?a. recognizes a $2,000 gain for Year Oneb. recognizes a $2,000 loss for Year Onec. recognizes a $2,000 gain for year 2d. Crown short sale transaction offsets his gain

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