Sarah acquired a parcel of shares in November 2021 for a total of $15,000 and disposed of them by sale in June 2023 for $27,000. She has an unapplied net capital loss from a previous income year of $2,000 that was made on a sale of shares. Sarah’s net capital gain for the 2023 income year is: Group of answer choices $2,000 $5,000 $10,000 $12,000 $15,000 $27,000

Sarah acquired a parcel of shares in November 2021 for a total of $15,000 and disposed of them by sale in June 2023 for $27,000. She has an unapplied net capital loss from a previous income year of $2,000 that was made on a sale of shares. Sarah’s net capital gain for the 2023 income year is: Group of answer choices $2,000 $5,000 $10,000 $12,000 $15,000 $27,000

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

Sarah acquired a parcel of shares in November 2021 for a total of $15,000 and disposed of them by sale in June 2023 for $27,000.

She has an unapplied net capital loss from a previous income year of $2,000 that was made on a sale of shares.

Sarah’s net capital gain for the 2023 income year is:

Group of answer choices

$2,000

$5,000

$10,000

$12,000

$15,000

$27,000

Definition Definition Increase in the value of a capital asset and the amount that is realized when the asset is sold off. A capital gain may be short-term or long-term depending on the tenure for which the asset is held.

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