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How much should mango report as gain or loss on sale

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Reference no: EM132859221

Question 1: MANGO Company acquired 4,000 shares of KIWI Corporation ordinary shares on April 2, 2020 at a cost of ?440,000 to be held for trading. On October 7, 2020, KIWI distributed a 10% ordinary share dividend when the market price of the shares was ?125 per share. On December 15, 2020, MANGO sold 400 shares of its KIWI shares for ?64,000. For the year ended, December 31, 2020, how much should MANGO report as gain or loss on sale of investment?

Reference no: EM132859221

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