Answer:
a. No loss is recognized.
b. Celeste's basis in Marketing stock is $700,000.
Explanation:
a. What amount of loss does Celeste recognize in the exchange
Since this is a Type A merger, no loss is required to be recognized.
b. What is her basis in the Marketing stock she receives
Basis in the Marketing stock is the excess of Celeste's tax basis in the Supply Chain stock over the fair market value of stock in Marketing. This can be calculated as follows:
Basis in the Marketing stock = $1,200,000 - $500,000 = $700,000
Therefore, Celeste's basis in Marketing stock is $700,000
The one who receives the benefits and profits from a joint-stock company are the shareholders, the board of directors, from the higher hierarchy to the lowest position in the company can have benefits and can profit but it only depends on where in the hierarchy they are in to identify how much will they have.
Answer:
The Yield to Maturity of the Bond (YTM) is 113.86 %
Explanation:
The Yield to Maturity of the Bond (YTM) can be determined using a Financial Calculator as follows :
Pv = -$98.613
Fv = $2,000
p/yr = 2
n = 18 × 2
Pmt = ($2,000 × 6.60%) ÷ 2 = $66
r = ?
Using a Financial Calculator r is 113.86 %.
In this case, the registered representative should verify the information and investment objectives.
<h3>Who is a
registered representative?</h3>
A registered representative means a professional who possess the legal authority to sell some securities.
Hence, since he is assigned an account where the information of the client is listed, hence, he should verify the information and investment objectives.
Read more about registered representative
<em>brainly.com/question/18817716</em>
Answer:
The correct option is (B)
Explanation:
Cost of goods sold the cost attributed to goods produced by the organization. Cost of goods sold is incurred by organizations that manufactures a tangible product. Service firms do not incur any cost on goods sold as they do not need any raw material to manufacture goods.
Cost of goods sold is an expense and not an asset as it is a cost incurred to manufacture assets for the organization.
Therefore, correct option is (B)
