John purchased 5,000 units of the Canafund Opportunities Growth fund when its net asset value per share
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John purchased 5,000 units of the Canafund Opportunities Growth fund when its net asset value per share was $ 12.00. The fund had a front-end load of 2 %. He recently sold his units at a price of $ 13.75. What amount would be included in his taxable income in the year of sale?
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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