Answer:
11.00
Explanation:

36,000 net income
200,000 common stock / $4 per share= 50,000 shares
36,000 / 50,000 = 0.72 earnings per share

7.92 / 0.72 = 11
 
        
             
        
        
        
Answer:
Following are the responses to the given points: 
Explanation:
For point a:
Criteria I                                    
Date: 1-1.2020                 Debt Investments                     
                                          cash                                        
For point b: 
Criteria  II
Date: 31.12.2020                Interest Account receivable to pay  
                                     Debt Investments    
                                    rate of Revenue           
                                        
31.12-2020                         Fair Value Adjustment                         
                        Gain or loss - equity unrealized holding           
                          
for point c:
Criteria III
31.12-2021                       Interest Account receivable to pay           
            
                                     Debt Investments                               
                                    rate of Revenue                        
  
31.12-2021                   Gain or loss - equity unrealized holding     
                                    Fair Value Adjustment                           
                                 
Please find the attached table. 
 
        
             
        
        
        
Answer:
Jacob purchased 10000 shares form Grebe corporation two years ago for $24000
last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation 
In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000
The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share 
profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year 
Explanation:
Jacob purchased 10000 shares form Grebe corporation two years ago for $24000
last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation 
In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000
The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share 
profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year 
 
        
             
        
        
        
Answer: At the age of 65 the money will be $90337.5
Explanation: There are 365 days in a year take $5 multiply it by 365 to get the money after one year then multiply it by 10 % to get an interest per year. Add the interest to the amount then multiply by 43 years.
Note 65years-22 years = 43 years 
$5×365= $1825
$1825×10%=$182.5
=$182.5+$1825=$2007.5/year
$2007.5×43= $90337.5