Answer: Gwen should report a $3,000 long-term capital gain in her income tax return.
In this question the price paid by Gwen’s mother for the shares is irrelevant because of her death.
The stock’s fair market value ($20) when Gwen inherited the shares (21st October 2015) is Gwen stepped up value.
Gwen’s gain from selling the shares is:
Gwen inherited the shares on (21st October 2015) and held the shares until (3rd july 2017), so she held the shares for more than one year after inheriting it. So, she will report a long-term capital gain on her income tax return.
Answer:
are there no answer choses maybe stress problem solving
Explanation:
Answer:
The correct answer is letter "C": Sales by Product report.
Explanation:
In the Marketing Information System (MIS), the Sales by Product Report stores the information of the product quantity, amount invoiced, journal amount, costs of the goods sold, taxes, and profits given a certain accounting period. Thanks to all that data provided, the organization is able to determine what products should continue being produced and which ones must be left behind.
Answer: The correct answer is "(A) Motivation".
Explanation: The purpose of this meeting will be <u>Motivation,</u> because Nancy Cardigan will look for ways to motivate employees who, after the long summer months, are not prepared for the intense burden of Christmas sales, therefore they will try to implement the various motivational techniques such as the payment of bonuses, incentives , etc.
Answer:
A. $ 432 comma 000.
Explanation:
The computation of the relevant cost of keeping the old machine is shown below:
= Annual cash operating costs × Current age in years
= $108,000 × 4 years
= $432,000
To find out the relevant cost for the old machine, we multiply the annual cash operating cost with its current age so that the accurate cost can come
All other information which is given in the question is not relevant. Hence, ignored it
