Bryan sold the following shares of stock of domestic corporations which he bought for investment purposes: Listed and Traded Not Listed and Traded Selling price Selling expenses P250,000 P143,680 3,680 12,000 118,000 Cost 80,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. What is the capital gains tax assuming the sale was made in 2018?

2. Assume Bryan is a dealer in securities, what is the capital gains tax for 2018 is?

Bryan sold the following shares of stock of domestic corporations which he bought for investment
purposes:
Not Listed and Traded
P143,680
Listed and Traded
Selling price
Selling expenses
P250,000
12,000
118,000
3,680
80,000
Cost
Transcribed Image Text:Bryan sold the following shares of stock of domestic corporations which he bought for investment purposes: Not Listed and Traded P143,680 Listed and Traded Selling price Selling expenses P250,000 12,000 118,000 3,680 80,000 Cost
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