Question
A resident individual investor sold the following shares during the year which have all been held more than 12 months and none are exempt: Share
A resident individual investor sold the following shares during the year which have all been held more than 12 months and none are exempt:
| Share parcel | Cost base $ | Indexed cost base $ | Sale price $ |
| A | 25,000 | 26,000 | 75,000 |
| B | 30,000 | 40,000 | 44,000 |
What is their minimum possible net capital gain ?
Group of answer choices
$56,000
$29,000
$32,000
$53,000
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Principles Of External Auditing
Authors: Brenda Porter, David Hatherly, Jon Simon
3rd Edition
0470018259, 9780470018255
