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Jillian Murphy owns shares of a private company called Bioric Ltd. She's been approached by Ciroib Ltd., a public company that wishes to buy Bioric
Jillian Murphy owns shares of a private company called Bioric Ltd. She's been approached by Ciroib Ltd., a public company that wishes to buy Bioric Ltd. and in exchange give her a 20% share of their capital stock. her Bioric Ltd shares have paid up Capital (PUC) and an Adjusted Cost Base (ACB) of $300, and a Fair Market Value (FMV) of $5,000. She used an ordinary 85.1 and made no special elections when this transaction occurred. A year later, she sold all her shares of Ciroib Ltd. for $6,000. of Ciroib Ltd. for $6,000 Calculate Jillian's taxable capital gain on the sale of her Ciroib Ltd. shares. hantes, Jillian Murphy owns shares of a private company called Bioric Ltd. She's been approached by Ciroib Ltd., a public company that wishes to buy Bioric Ltd. and in exchange give her a 20% share of their capital stock. her Bioric Ltd shares have paid up Capital (PUC) and an Adjusted Cost Base (ACB) of $300, and a Fair Market Value (FMV) of $5,000. She used an ordinary 85.1 and made no special elections when this transaction occurred. A year later, she sold all her shares of Ciroib Ltd. for $6,000. of Ciroib Ltd. for $6,000 Calculate Jillian's taxable capital gain on the sale of her Ciroib Ltd. shares. hantes
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