of her shares, as follows: Shares Dog Ltd Cat Ltd Bird Ltd Date purchased Cost of purchase 1 March 2013 1 July 2021 1 March 2012 $8,000 $6,000 $10,000 Date sold 1 June 2022 1 June 2022 1 June 2022 Sales proceeds $14,000 $18,000 $5,000 You can assume that apart from the purchase price, she did not incur any costs associated with the purchase or sale of these shares. You can also assume she has no capital losses from prior years. Calculate Melanie's net capital gain or loss for the year ended 30 June 2022, assuming she wants to minimise her tax liability.

of her shares, as follows: Shares Dog Ltd Cat Ltd Bird Ltd Date purchased Cost of purchase 1 March 2013 1 July 2021 1 March 2012 $8,000 $6,000 $10,000 Date sold 1 June 2022 1 June 2022 1 June 2022 Sales proceeds $14,000 $18,000 $5,000 You can assume that apart from the purchase price, she did not incur any costs associated with the purchase or sale of these shares. You can also assume she has no capital losses from prior years. Calculate Melanie's net capital gain or loss for the year ended 30 June 2022, assuming she wants to minimise her tax liability.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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