Hello, I need help with my assignment please.

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Answered Same DayOct 06, 2021

Answer To: Hello, I need help with my assignment please.

Yash answered on Oct 07 2021
156 Votes
Question 6:
    Particulars
    Amount (in $)
    Fair market value of Gates Stock
    800,000
    Fair value
of 15% Stock (800000*15%)
    120,000
    Cost of Acquisition
    105,000
    Net Income at Fair Value
    15,000
Question 7:
    Particulars
    Amount (in $)
    Cost of acquisition of 15,000 shares (15%) on 01.01.2017
    105,000
    Cost of acquisition of 25,000 shares (25%) on 01.01.2018
    200,000
    Total Investment prior to sales
    305,000
Question 8:
    Particulars
    Amount (in $)
    Cost of acquisition of 10,000 shares on weighted average basis (305,000/40,000)*10,000
    76,250
    Sales Value...
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