1. Nicco owns 6,000 shares of a company at P780 per share. He also owns 25,000 shares for another company at P260 per share. In which company is the total value of her share greater? Explain how you know which is greater. 2. On July 1, 2019, Aldrin bought 600 shares of ABC stocks at P450 per share. He sold half of his shares on August 3, 2019, for P470. How much money did he gain or lose on the investment?

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter16: Property Transactions: Capital Gains And Losses
Section: Chapter Questions
Problem 1RP
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Answer the following. Thank you!
1. Nicco owns 6,000 shares of a company at #780 per share. He also owns 25,000 shares for
another company at P260 per share. In which company is the total value of her share greater?
Explain how you know which is greater.
2. On July 1, 2019, Aldrin bought 600 shares of ABC stocks at #450 per share. He sold half of his
shares on August 3, 2019, for #470. How much money did he gain or lose on the investment?
Transcribed Image Text:1. Nicco owns 6,000 shares of a company at #780 per share. He also owns 25,000 shares for another company at P260 per share. In which company is the total value of her share greater? Explain how you know which is greater. 2. On July 1, 2019, Aldrin bought 600 shares of ABC stocks at #450 per share. He sold half of his shares on August 3, 2019, for #470. How much money did he gain or lose on the investment?
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