Suzanne acquired the following ordinary shares in Quarine plc: Date 2 October 1979 10 January 1981 5
Question:
Suzanne acquired the following ordinary shares in Quarine plc:
Transcribed Image Text:
Date 2 October 1979 10 January 1981 5 December 2001 8 November 2008 24 July 2017 10 August 2017 20 August 2017 31 August 2017 No of shares 200 150 400 250 300 400 350 500 Cost 600 500 1,420 1,160 1,400 2,500 2,600 2,400 She made no further acquisitions. The shares were valued at 3.20 each on 31 March 1982. On 24 July 2017, Suzanne so ld 1,200 shares for 7 per share. Compute the chargeable gain or allowable loss arising on this disposal.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
To calculate the chargeable gain or allowable loss when Suzanne sold 1200 shares of Quarine plc on 24 July 2017 for 7 per share we need to apply the U...View the full answer
Answered By
Robert Mbae
I have been a professional custom essay writer for the last three years. Over that period of time, I have come to learn the value of focusing on the needs of the clients above everything else. With this knowledge, I have worked hard to become an acclaimed writer that can be trusted by the customers to handle the most important custom essays. I have the necessary educational background to handle projects up to the Ph.D. level. Among the types of projects that I've done, I can handle everything within Dissertations, Project Proposals, Research Papers, Term Papers, Essays, Annotated Bibliographies, and Literature Reviews, among others.
Concerning academic integrity, I assure you that you will receive my full and undivided attention through to the completion of every essay writing task. Additionally, I am able and willing to produce 100% custom writings with a guarantee of 0% plagiarism. With my substantial experience, I am conversant with all citation styles ranging from APA, MLA, Harvard, Chicago-Turabian, and their corresponding formatting. With all this in mind, I take it as my obligation to read and understand your instructions, which reflect on the quality of work that I deliver. In my paper writing services, I give value to every single essay order. Besides, whenever I agree to do your order, it means that I have read and reread your instructions and ensured that I have understood and interpreted them accordingly.
Communication is an essential part of a healthy working relationship. Therefore, I ensure that I provide the client with drafts way long before the deadline so that the customer can review the paper and comment. Upon completion of the paper writing service, the client has the time and right to review it and request any adjustments before releasing the payment.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Suzanne acquired the following ordinary shares in Quarine plc: She made no further acquisitions and the shares were valued at 3.20 each on 31 March 1982. On 24 July 2021, Suzanne sold 1,200 shares...
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
Relevant statements of financial position as at 31 March 2017 are set out below: You have recently been appointed chief accountant of Jasmin (Holdings) plc and are about to prepare the group...
-
On average, do people prefer a... 6 game package with 300-level, mid-court seats and a $20 gift certificate for $35/seat or a 3 game package with 300-level, corner seats that come with a hotdog and...
-
One of the CCC angles of 2, 2, 4, 4-tetramethylpentane is very much larger than the others. Which angle? Why?
-
Citric acid (C 6 H 8 O 7 ) is used in the preparation of many foods, pharmaceuticals, soft drinks, and personal-care products. Although it can be recovered by concentration and crystallization from...
-
Another name for integrative negotiation is ____________. (a) arbitration (b) mediation (c) principled negotiation (d) smoothing
-
The Web sites for Lenovo (China; www.lenovo.com), Nokia (Finland; www.nokia.com ), and Banco do Brasil (Brazil; www.bb.com.br, click on English) contain substantial information about how these firms...
-
2 14 A point on the terminal side of an angle 0 in standard position is Find the exact value of each of the six trigonometric functions of 0. 4 4
-
In March 2012, Vincent bought 10,000 ordinary shares in Apezium plc for 44,000. In June 2017, the company went into liquidation and Vincent received a first distribution of 0.50 per share. The market...
-
In June 201 6, Walter bought 10 ,000 shares in Ovod plc at a cost of 7 per share. In September 2017 , Rundico plc made a takeover bid for Ovod plc, offering the Ovod shareholders eight Rundico shares...
-
Eden Electrical, Ltd., owned twenty-five appliance stores throughout Israel, at least some of which sold refrigerators made by Amana Co.Eden bought the appliances from Amanas Israeli distributor, Pan...
-
Find secondary data on a product or company you are interested in. When you obtain the data, please share what you found in the information and its impact on your marketing or market research effort
-
3. (a) What is the physical significance of the expectation value? (b) According to the measurement postulate of quantum mechanics, what happens if Q is measured, followed immediately by a...
-
If the owner contributes $ 1 9 , 6 0 0 and net income is $ 1 8 , 0 0 0 , how much did the owner withdraw ( owner , withdrawals ) ? Show all calculations.
-
How do environmental, social, and governance (ESG) criteria influence investment strategies, and what is their impact on portfolio diversification and risk-adjusted returns?
-
What Law did the engineer discuss 2 Where was the energy of the water the highest in the energy storage model? 3 What is the science of measuring changes in heat associated with chemical reactions?
-
Toys R Us sells a variety of childrens toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March 2015. Required: 1. Prepare a multiple-step...
-
Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...
-
In 2020-21, Jasper is granted a 10-year lease on a property, paying a premium of 15,000. He uses the property for trading purposes. Compute the tax relief which he will be allowed in respect of the...
-
In 2020-21, a landlord receives a premium of 12,000 when granting a lease to a tenant. Compute the amount of this premium which is chargeable to income tax if the length of the lease is: (a) 60 years...
-
Simon owns an apartment which he lets to tenants. The apartment was let throughout tax year 2020-21 and rents received during the year were 16,640. The expenses incurred by Simon in relation to this...
-
Alpha Semiconductors experienced the following activity in its Photolithography Department during December. Materials are added at the beginning of the photolithography process. (Click the icon to...
-
QUESTION 80 Start-up costs not currently deductible can be amortized over 180 months. True False
-
Flint Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders equity on January 1, 2023, the first day of its fiscal year. $0.80-noncumulative...
Study smarter with the SolutionInn App