Question: AutoSave O OFF AA ?. CG ... Upton Case for Final Exam SA FINA 346 Insert Draw Design Layout References Mailings Review View ? Tell

AutoSave O OFF AA ?. CG ... Upton Case for Final Exam SA FINA 346 Insert Draw Design Layout References Mailings Review View ? Tell me Calibri (BO... * 11 A A Aa Po E . EVEY AL T AaBbCcDdEe AaBbCcDdEe AaBbCcDC AaBbCo BIUbX2 x 2 ADVA v Normal No Spacing Heading 1 Headi Five years ago, Emory borrowed $250,000 to invest in Dog Years Pet Grooming, a qualified small business corporation. Since that time, Emory has deducted interest expenses such that his CNIL balance is currently $47,000. Emory has not previously claimed any capital gains exemptions, The Upton's investment assets as of January 1" are listed below. Emory Upton Non-registered Investments: Asset Purchase Price / ACB FMV Beta money market fund $ 6.000 6.000 Common shares. Wartech Inc. $ 25.400 S 13.200 2.0 Remington Umnium Inc. $ 30.40 75.000 2.2 Truax Container Lid $ 35.000 55.000 1.2 Poseidon Development Lid $ 65.80 50.600 Midas Gold Inc. $ 47.000 85.000 1.6 Software Remedies Inc. $ 15.000 49.000 2.4 Monolith Bank and Trust 5 60.000 $ 105.000 0.6 Atalanta Gold Corporation $200.000 $ 400.000 1.6 Dog Years Pet Grooming (CCPC) $250.000 $1.684.250 Other investments: stock options - details below Province of Ontario strip bond - details below $ 41.199 $1.905 (purchase price) silver bullion $ 13,000 $ 24.000 stamp collection 5 28.000 18.000 Total 5816.799 $1,616,955 If Emory sells his Dog Years shares today, what is the MINIMUM taxable capital gain he must report for tax purposes? Give explanation or show calculations. A. $0 B. $ 47,000 . $346,267 D. $717,125

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