Question: Assignment Problem Eight - 1 (identical Properties) are as follows: 90 @ 28 45 @ 30 And 22 @ 26 Miss Wells has purchased the
Assignment Problem Eight - 1 (identical Properties) are as follows: 90 @ 28 45 @ 30 And 22 @ 26 Miss Wells has purchased the shares of two companies over the years. Each company has only one class of shares. Purchases and sales of shares in the first of these companies, Memo Inc. February 2016 purchase 60 @ $24 November 2017 purchase April 2018 purchase October 2018 sale (68) 36 September 2020 purchase November 2020 sale (53) @ 40 Purchases and sales of shares in the second company, Demo Ltd., are as follows: April 2019 purchase December 2019 purchase 160 33 July 2020 sale (260) @ 36 Required: A. Determine the cost to Miss Wells of the Memo Inc. shares that are still being held on December 31, 2020 B. Determine the taxable capital gain resulting from the July 2020 disposition of the Demo Ltd. shares 200 @ $24 cal Assianment Problem Fiaht - 2
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