George bought 1,500 shares of stock LCC on March 7 at Php12. On June 3 of the same year, he sold these shares at Php14.50. If the broker's commission, transaction fees and taxes total 0.255% when buying, how much was George's total cash out in buying the 1,500 LCC shares?
George bought 1,500 shares of stock LCC on March 7 at Php12. On June 3 of the same year, he sold these shares at Php14.50. If the broker's commission, transaction fees and taxes total 0.255% when buying, how much was George's total cash out in buying the 1,500 LCC shares?
Chapter13: Property Transact Ions: Determination Of Gain Or Loss, Basis Considerations, And Nontaxable Exchanges
Section: Chapter Questions
Problem 5BCRQ
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George bought 1,500 shares of stock LCC on March 7 at Php12. On June 3 of the same year, he sold these shares at Php14.50. If the broker's commission, transaction fees and taxes total 0.255% when buying, how much was George's total cash out in buying the 1,500 LCC shares?
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