Business, 15.04.2020 18:00, timothyashburn8

"In 2016, Mr. Dale paid $47,600 for 3,400 shares of GKL Mutual Fund and elected to reinvest his year-end dividends in additional shares. In 2016 and 2017, he received Form 1099s reporting the following. If Mr. Dale sells his 4,052 shares for $18 per share, compute his recognized gain. If he sells only 800 shares for $18 per share and uses the FIFO method to determine basis, compute his recognized gain. If he sells only 800 shares for $18 per share and uses the average basis method, compute his recognized gain."

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"In 2016, Mr. Dale paid $47,600 for 3,400 shares of GKL Mutual Fund and elected to reinvest his year...