How much is luz''s gross capital gain on the sale, Financial Accounting

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How much is luz''s gross capital gain on the sale

Problem

Luz makes the following purchases of shares of Essex, a public Canadian company: 1/1/2001: 90 shares, $35 each1/1/2005: 180 shares, $85 each1/1/2010: 430 shares, $18.00 each. The shares are capital assets to Luz. Luz sells 90 shares during the current taxation year and receives proceeds from the sale of $10,000. How much is Luz's gross capital gain on the sale?

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Financial Accounting: How much is luz''s gross capital gain on the sale

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Financial Accounting: How much is luz''s gross capital gain on the sale

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