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Question - During 2018, Roberto sold 760 shares of Casual Investor Mutual fund for $8.20 per share. The shares were purchased on the following dates:
Date
Shares
Price
May 31, 2014
360
$9.10
September 18, 2015
200
$7.40
October 21, 2015
410
$9.40
January 12, 2017
240
$6.90
Calculate the gain (loss) on the sale under the following assumptions:
A. Basis is calculated using the first-in, first-out method. (Round your intermediate computations and final answer to 2 decimal places.)
B. Basis is calculated using the average cost method (assume all shares are long-term).
In the ancient civilizations of Asia Minor and northern Africa, most citizens were illiterate. The scribe, who could read and write.
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