Joy Purchased 200 Shares of HiLo Mutual Fund on July

question 17

Essay

Joy purchased 200 shares of HiLo Mutual Fund on July 15,2013,for $10,500,and has been reinvesting dividends.On December 15,2017,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:

Health Club

A facility offering health and fitness-related services such as exercise equipment, classes, and personal training.

Majority Vote

A voting outcome that is reached when more than half of the votes cast are in favor of a proposal or candidate.

Unanimous Vote

A voting outcome where all members of a decision-making body agree and vote the same way on a proposal.

Majority Vote

A decision-making process where more than half of the members of a group must agree on a proposition for it to be accepted or passed.