Question: Question 8 Not yet Louis received a hot tip from a friend about Fine Mine Ltd. He borrowed $10,000 from the bank on April 1,

Question 8 Not yet Louis received a "hot tip" from a

Question 8 Not yet Louis received a "hot tip" from a friend about Fine Mine Ltd. He borrowed $10,000 from the bank on April 1, 2019 by signing a 90 day note payable and bought 1,000 common shares in the company for $10 each. His friend was right about the company and on June 30, 2019 Louis sold his shares for $15 each, repaid the bank the total amount owing of $10,148 and pocketed the difference. How much Louis' taxable income for 2019 increased by? answered Marked out of

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