Naruto is an investor in Hokage Corporation. In 2019 he has 1,000 share holdings acquired at P120 per share or a total investment cost of P 120,000 classified as capital asset. 2020 Transactions: January Received stock dividends 2 shares for every shareholdings. March April Sold 500 shares of Hokage Corporation for P120 per share. Purchased 300 shares of Hokage Corporation for P150 per shares. Sold 500 shares of Hokage Corporation for P90 per share. May

Naruto is an investor in Hokage Corporation. In 2019 he has 1,000 share holdings acquired at P120 per share or a total investment cost of P 120,000 classified as capital asset. 2020 Transactions: January Received stock dividends 2 shares for every shareholdings. March April Sold 500 shares of Hokage Corporation for P120 per share. Purchased 300 shares of Hokage Corporation for P150 per shares. Sold 500 shares of Hokage Corporation for P90 per share. May

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 44P

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