What is the adjusted cost base of ls investment

Assignment Help Accounting Basics
Reference no: EM132749203

Question: 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:

- Actual amount of eligible dividends: $10,000

- Taxable amount of eligible dividends: $13,800

- Capital gains: $8,000

- Other investment income: $4,000

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

Reference no: EM132749203

Questions Cloud

How the metal is ablated in a non-contact mode : Suppose you are ablating a metal under water in a non-contact mode using a high-power laser. During the experiment you observe a light with different colours
Difference between the average speed and average velocity : 1. Explain the difference between the average speed and average velocity.
Write on any three leadership styles : Write on any three leadership styles and tell which one in your opinion works for your work team. Give examples to further your point.
What amount should be recorded as depreciation : Depreciation is computed on the basis of the nearest full month. What amount should be recorded as depreciation for 2021
What is the adjusted cost base of ls investment : 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.
Observation in terms of the mechanisms involved : During your laser spectroscopy experiment using a blue 488 nm laser, you observe two peaks one at red and the other at UV wavelengths.
Identify three long-term effects of winnipeg general strike : Identify three long-term effects of the Winnipeg general strike. How was the Winnipeg general strike different from previous strike ( give at least two ways)
How the metal is ablated in a non-contact mode : Suppose you are ablating a metal under water in a non-contact mode using a high-power laser. During the experiment you observe a light with different colours
Calculate the pressure in the last state : Calculate the compression work done against nitrogen and the amount of heat released from the nitrogen gas.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss cost volume profit problem

Change the compensation of salespersons (selling expenses) to 10% commission of sales with no fixed cost.Increase the sales volume by 20% but keep the price

  Post the journal transactions to the general ledger

Post the journal transactions to the general ledger. Journalize the November transactions and the December transactions listed below.

  A network diagram is a directional graph consisting of

1. clear productprojects specifications define the problem can become a guide for future projectsproducts is a formal

  What steps would you take to define the system requirements

What steps would you take to define the system requirements? Who might you need to talk with at the company and what questions might you need to ask them

  Find carrying value of the franchise at december

Find Carrying value of the franchise at December 31, 2005. 720,000 down payment upon signing of contract of January 1, 2005.

  How much will Voltac report on its financial statements

Assume that all receipts were converted into dollars as soon as they were received, how much will Voltac report on its 2017 financial statements

  Determine x for alex

Equal payments of $ X at the end of months 6, 9 and 12. If the original debt was $10000 and the interest rate is at j4=5.5%. Determine X.

  What liability relative to the transactions would appear

What liability relative to these transactions would appear on the December 31, 2017, balance sheet and how would it be classified?

  Calculate the amortised cost of the bonds as at June

On 1 July 2022 Midget Ltd acquired some corporate bonds issued by Farrelly Ltd. Calculate the amortised cost of the bonds as at 30 June

  Peng company accumulates the following adjustment

Peng Company accumulates the following adjustment data at December 31.

  What unit value royal decking use for each of its product

What unit value should Royal Decking use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory

  How much must Stacy invest today

Stacy Monroe wants to a fund today that will enable her to withdraw $31,300 per year, If the fund earns 11% interest, how much must Stacy invest today

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd