Question
Solita makes the following purchases of shares of ABC, a public Canadiancompany: 1/1/2001: 95 shares, $35 each 1/1/2005: 170 shares, $70 each 1/1/2010: 380 shares,
Solita makes the following purchases of shares of ABC, a public Canadiancompany:
1/1/2001: 95 shares, $35 each
1/1/2005: 170 shares, $70 each
1/1/2010: 380 shares, $16.50 each
The shares are capital assets to Solita. Solita sells 95 shares during the current taxation year and receives proceeds from the sale of $9,000. How much is Solita's gross capital gain on thesale?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
