5) Your priceless art collection is stolen (the Gregcasso!), you paid $10,000 for it (sorry no insurance)next you sold your Mutual funds for $3,700 and your ACB was $2,250 with no outlays and expenses.Calculate the combined effect of both Dispositions and what is your Capital gain or loss.6) You purchased 1,000 units of Mutual funds for 10,000 total in 2015. In 2016 you purchased another500 units at $9.50 a unit, In 2017 another 600 units at $10.50 a unit were purchased and in 2019 400units at $11 a unit were added. Calculate the average cost base that you would have per unit for theMutual funds at the end of 2020.

“Since you have posted multiple questions, we will solve first question for you. If you want any…

5) Your priceless art collection is stolen (the Gregcasso!), you paid $10,000 for it (sorry no insurance) next you sold your Mutual funds for $3,700 and your ACB was $2,250 with no outlays and expenses. Calculate the combined effect of both Dispositions and what is your Capital gain or loss.

5) Your priceless art collection is stolen (the Gregcasso!), you paid $10,000 for it (sorry no insurance) next you sold your Mutual funds for $3,700 and your ACB was $2,250 with no outlays and expenses. Calculate the combined effect of both Dispositions and what is your Capital gain or loss.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

5) Your priceless art collection is stolen (the Gregcasso!), you paid $10,000 for it (sorry no insurance)
next you sold your Mutual funds for $3,700 and your ACB was $2,250 with no outlays and expenses.
Calculate the combined effect of both Dispositions and what is your Capital gain or loss.
6) You purchased 1,000 units of Mutual funds for 10,000 total in 2015. In 2016 you purchased another
500 units at $9.50 a unit, In 2017 another 600 units at $10.50 a unit were purchased and in 2019 400
units at $11 a unit were added. Calculate the average cost base that you would have per unit for the
Mutual funds at the end of 2020.

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Carl purchases two cars in 2015. A Corvette for $50,000 and a Honda for $30,000. Both cars were used solely for personal purposes. During the current year, he sold the Corvette for $55,000 and the Honda for $20,000. How much gain or loss will he report for these two transactions? Group of answer choices A.$5,000 gain B.$5,000 loss C.No gain or loss D.$10,000 loss
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