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Question - Sharon Slotten purchased shares in ATCO Ltd. during the current year as follows:
Jan. 1: 200 shares for $25 per share
April 2: 300 shares for $30 per share
July 1: 100 shares sold for $45 per share
Sept. 8: 500 shares for $24 per share
On December 22, of the current year Sharon sells 200 ATCO Ltd. shares for $35 per share and pays $100 in sales commission.
Required - Calculate the taxable capital gain or loss included in Sharon's NET INCOME under paragraph 3(b) of the Income Tax Act.
The only selling costs that would be associated with the order would be $2.20 per unit shipping cost. What is the break-even price per unit on this order?
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