A Corporation Sold a Long-Term Investment in Common Shares with an Adjusted

A corporation sold a long-term investment in common shares with an adjusted cost base of $25,000, for $10,000 during the current year.It also sold a parcel of land that is consid- ered capital property with an adjusted cost base of $8,000, for $12,000.Its net allowable capital loss for the year is $11,000.