During the current year, Remy Greenfield disposes of two personal items. She sells an oil painting for
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During the current year, Remy Greenfield disposes of two personal items. She sells an oil painting for $80000 that was originally purchased for $35000. She also sells a diamond necklace for proceeds of $12000 that was originally purchased for 35000. What is the net taxable capital gain she must include in her division B income?
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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