Joy Purchased 200 Shares of HiLo Mutual Fund on July

question 81

Essay

Joy purchased 200 shares of HiLo Mutual Fund on July 15,2012,for $10,500,and has been reinvesting dividends.On December 15,2016,she sells 100 shares.
What is the basis for the shares sold assuming (1)FIFO and (2)average cost method?

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Definitions:

Data Mart

A subject-oriented database that addresses a specific business line or team within an organization, and is a subset of a data warehouse.

Data Warehouses

Centralized repositories that store large amounts of integrated data from multiple sources, designed for query and analysis rather than transaction processing.

Access Database

A database management system from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Field Size Property

A characteristic in database management that defines the maximum amount of data that can be stored in a particular field.