Question
9- Mr. Singh gives the following Accounting information for this year: Cdn Accounting Loss on the Sales of Qualified Income Tax Designated LPP Assests: (5,500)
9- Mr. Singh gives the following Accounting information for this year:
Cdn Accounting Loss on the Sales of Qualified Income Tax Designated LPP Assests: (5,500) (Cost was 10,000 and proceeds of sale was: $500)
Cdn Accounting Gain on Sale of Furniture was $20,000 (Proceed was $21,000; Cost was $1,000)
The taxable capital gain for inome tax purposes is?
10- Mabel's history of ABC, a public company, stock purchases and sales:
Dec 1, 2019, purchased 500 shares for $2 per share
Dec 10, 2019, Received a 20% Stock Dividend. The paid up capital at this time was $3 per share.
Dec 15, 2019, sold 100 shares for $1 per share
Jan 2, 2020, purchased 1,000 shares for $1 per share.
The most accurate Share COST, rounded to the nearest dollar, before the sale of shares on December 15, 2019 is?
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