Homework Answers
| Answer |
| Explanation : |
| Given, |
| Sale consideration - $6,000 |
| Less:Cost base adjustment(1000 shares) - $18,000 |
| Less booked 1000 shares@21 =(18,000-6000) |
| = $12,000 |
| Two weeks later within a period of time i.e., 30 days n sale, |
| G has purchased 500 shares |
| Loss can be given as $21*500=$10,500 is added to the cost of the new share |
| Allowable loss= $21*500 shares |
| = $10,500 |
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