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What is the adjusted cost base of l investment

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Reference no: EM132779720

L purchased 10,000 units of a mutual fund in the current year for $100,000. He received a T3 from the fund showing the following distributions for the current year which were reinvested in the fund:

  1. Actual amount of eligible dividends: $10,000
  2. Taxable amount of eligible dividends: $13,800 
  3. Capital gains: $8,000 
  4. Other investment income: $4,000

Problem 1: What is the adjusted cost base of L's investment in the mutual fund at the end of the current year?

Reference no: EM132779720

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