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During 2014 Roberto sold 830 shares of Casual Investor Mutual fund for $8875 per share The shares were purchased on the following dates Calculate the gain loss on the sale under the following as

During 2014, Roberto sold 830 shares of Casual Investor Mutual fund for $8.875 per share. The shares were purchased on the following dates: Calculate the gain (loss) on the sale under the following assumptions (carry your calculations to three places): a. Basis is calculated using the first-in, first-out method. b. Basis is calculated using the average cost method (assume all shares are long-term).
 

May 16 2020 View more View Less

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