Rachel Holds 110 Shares of Argon Mutual Fund A)$9,000
B)$9,500
C)$9,409
D)Any of the Above Could Be Used

question 101

Multiple Choice

Rachel holds 110 shares of Argon Mutual Fund.She is planning to sell 90 shares.Her record of the share purchases is noted below.What could be her basis for the 90 shares to be sold for purposes of determining gain? $$\begin{array} { | l | c | c | } \hline & \text { Cost per Share } & \text { No. of Shares } \\\hline \text { Purchase April 1, 2017 } & \$ 100 & 100 \\\hline \text { Reinvested Dividends April 1, 2018 } & \$ 150 & 10 \\\hline\end{array}$$

• A)$9,000
• B)$9,500
• C)$9,409
• D)Any of the above could be used as basis for the 90 shares sold.

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Definitions:

Personal Spending

The total amount of money spent by individuals or households on goods and services.

Durable Goods

Products or goods that are not consumed or destroyed in use and are expected to last more than three years.

Personal Income

The total earnings received by an individual from all sources, including wages, salaries, bonuses, and investments.

Constant Variance

The condition in which the variance, or spread, of a dataset or error terms in a regression model does not change across the range of the data or predicted values.