LO10 Goldie sells 600 shares of Bear Corporation stock for $9,000 on December 14, 2010. She paid

Question:

LO10 Goldie sells 600 shares of Bear Corporation stock for $9,000 on December 14, 2010. She paid $27,000 for the stock in February 2007. Assuming that Goldie has no other capital asset transactions in 2010, what is the effect of the sale on her 2010 income?

a. Assume that Goldie has no capital asset transactions in 2011. What is the effect of the Bear Corporation stock sale on her 2011 income?

b. On July 2, 2012, Goldie sells 100 shares of Panda common stock for $12,400.

Goldie purchased the stock on September 4, 2010, for $7,500. What is the effect of the sale on Goldie’s 2012 income?

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Somshukla Chakraborty

I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal. I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).

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