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8 (1.5 points) Moon Inc. has 500,000 shares issued and outstanding. These shares were issued for $1,125,000. At a later point in time, Apple Star
8 (1.5 points) Moon Inc. has 500,000 shares issued and outstanding. These shares were issued for $1,125,000. At a later point in time, Apple Star acquired 1,000 of these shares at a total cost of $3,500. With respect to Ms. Star's holding of Moon shares, which of the following statements is NOT correct? The PUC of Ms. Star's shares is $2,250. The ACB of Ms. Star's shares is $3,500. If she were to sell the Moon shares for $4,000, she would have a taxable capital gain of $250. If she were to sell the Moon shares for $4,000, she would have a deemed dividend of $500. None of the above
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