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AAFM CWM_LEVEL_2 Exam - Topic 6 Question 14 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 14
Topic #: 6
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Sajan sold 350 shares of a company at Rs. 300 each on 1st March 2010. He purchased 50 shares on 1st May 1979 for Rs. 20 each. The fair market value was Rs. 40 each as on 1st April 1981. Again on 7 August 1998, he was allotted 50 bonus shares. The fair market value was Rs. 115 each as on 7th August 1998. He purchased additional 250 shares on 1st April 2009 for Rs. 150 each. Calculate the capital gains on shares sold.

(CII -- 1981-82 : 100; 1998-99 : 351; 2008-2009 ; 582; 2009-10; 632)

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Suggested Answer: D

by Celeste at May 08, 2022, 05:21 AM

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Fatima
2 months ago
The CII adjustments make a huge difference in these calculations!
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Providencia
2 months ago
Wait, how did he end up with bonus shares? That's interesting!
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Charlene
2 months ago
I think option A is the right answer.
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Jacklyn
2 months ago
Looks like the capital gains calculation is tricky!
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Rory
3 months ago
}
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Margarett
3 months ago
Not sure about that, the numbers seem off to me.
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Jaclyn
3 months ago
}
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Una
3 months ago
]
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Katie
3 months ago
"I'm not sure how the multiple lots (1979 purchase, 1998 bonus, 2009 purchase) interact here; need to re-check the exact rules."
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Lindsey
4 months ago
{
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Eleni
4 months ago
},
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Katie
4 months ago
"There was a similar practice question where bonus shares were allocated cost across all shares and FMV on allotment affected the basis."
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Domitila
4 months ago
{
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Beula
4 months ago
},
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Katie
5 months ago
"Remember: classify gains as long-term with indexation; use the CII series (100, 351, 582, 632) for the cost of acquisition."
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Starr
5 months ago
{
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Coral
5 months ago
[
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Adelle
5 months ago
{
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Xochitl
5 months ago
Hmm, the key seems to be finding the right values for energy_capacity and usage_time_capacity. I think I can work this out step-by-step.
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Glory
5 months ago
Hmm, I'm not too sure about this one. I'll have to think it through carefully.
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Tijuana
5 months ago
Hmm, this looks tricky. I'll need to carefully analyze the code fragments and the possible answers to determine the correct result.
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Stephane
5 months ago
Okay, I've got this. The Web Tier is responsible for responding to and supporting client requests, so the correct answer has to be either C or D. I'll go with C since it's more direct in stating the Web Tier's function.
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Brock
5 months ago
This question is asking about the differences between LDAP and SQL database structures. I think I remember learning that LDAP uses a hierarchical structure, while SQL uses a relational structure. I'll need to carefully consider the implications of that for representing many-to-one relationships.
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