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Author Question: Rachel holds 110 shares of Argon Mutual Fund. She is planning to sell 90 shares. Her record of the ... (Read 118 times)

NguyenJ

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Rachel holds 110 shares of Argon Mutual Fund.  She is planning to sell 90 shares.  Her record of the share purchases is noted below.  What could be her basis for the 90 shares to be sold for purposes of determining gain?


◦ $9,000
◦ $9,500
◦ $9,409
◦ Any of these could be used as basis for the 90 shares sold.


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Marked as best answer by NguyenJ on Sep 13, 2020

Expo

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NguyenJ

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


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Reply 3 on: Yesterday
Excellent

 

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