In 2017,Mrs

question 88

Multiple Choice

In 2017,Mrs.Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares.In 2017 and 2018,she received Form 1099s reporting the following. If Mrs.Owens sells 1,000 of her 3,390 shares in 2019 for $22 per share and uses the average basis method,compute her recognized gain.

• A)$4,910
• B)$5,333
• C)$3,883
• D)$0

---

Definitions:

Cardiac

Pertaining to the heart and its functions.

Skeletal

Pertaining to the framework of bones that supports the body, allows for movement, and protects the internal organs.

Smooth

Describes muscle tissue that lacks striations, is involuntarily controlled, and found in the walls of internal organs.

Cardiac

Relating to the heart, especially pertaining to its function or diseases affecting it.