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olga_2 [115]
3 years ago
13

Darryl, a cash basis taxpayer, gave 1,000 shares of Copper Company common stock to his daughter on September 29, 2019. Copper Co

mpany is a publicly held company that has declared a $2.00 per share dividend on September 30th every year for the last 20 years. Just as Darryl had expected, Copper Company declared a $2.00 per share dividend on September 30th, payable on October 15th, to stockholders of record as of October 10th. The daughter received the $2,000 dividend on October 18, 2019. a. The daughter must recognize the income because she owned the stock when the dividend was declared and she received the $2,000. b. Darryl must recognize the $2,000 dividend as his income because he constructively received the dividend. c. Darryl must recognize $1,500 of the dividend because he owned the stock for three-fourths of the year. d. Darryl must recognize the income of $2,000 because the purpose of the gift was to avoid taxes. e. None of these choices are correct.
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

Correct option :a. The daughter must recognize the income because she owned the stock when the dividend was declared and she received the $2,000.

Explanation:

Based on the information given we were told Darryl gave 1,000 shares of stock to his daughter in the month of September 29, 2019 in which Darryl daughter also received the amount of $2,000 dividend on October 18 of the same year which means that Darryl daughter have to recognize the income reason been that the daughter owned the common stock when the dividend was been declared and she as well received the amount of $2,000.

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Positive Messages and the Writing Process
SIZIF [17.4K]

Answer: See explanation

Explanation:

1a. Sales pitches, requests for favors: In this case, persuasive message should be used to convince the receiver to agree with the sender's viewpoint.

b. Replies, goodwill messages, direct claims: The positive message should be used as the main idea can be communicated directly before any other supporting information are provided.

c. Bad news, refusals: This scenario involves a negative messages and should therefore be written in an indirect manner. It should also be noted that a supporting message us given before the main message us written.

2. According to the 3-x-3 writing process, the actions that make up Gilberto next steps include

a. Make a list of points to cover.

d. Collect information.

e. Compose the first draft.

3. Messages delivered through business letters are less likely to reach (unintended recipients) than messages delivered through (email). Thus, business letters are more (confidential).

7 0
3 years ago
Extraction of petroleum from oil sands causes environmental degradation at the extraction site and its surroundings. how does th
rosijanka [135]

Petroleum is burned by people as energy. Both air pollution and climate change are made worse by the petroleum made from tar sands oil.

Petroleum is Extraction of petroleum from oil sands causes environmental degradation at the extraction site and its surroundings burned by people as energy. Both air pollution and climate change are made worse by the petroleum  made from tar sands oil. When petroleum is extracted from oil sands, the ecosystem is harmed both at the extraction site and in the area where it is burned for energy. The petroleum produced from tar sands oil exacerbates both climate change and air pollution.

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8 0
2 years ago
Goodell Corporation just paid its annual dividend of $1.75, today. Dividends for the Goodell Corporation are expected to increas
AlekseyPX

Answer:

current price of Goodell Corporation stock is $48.26

Explanation:

given data

annual dividend = $1.75

expected to increase 1 year = 27.5 percent

expected to increase 2 year = 13.8 percent

expected to increase per year = 5 percent

required rate of return = 10 percent

solution

we get here first dividend that is

D1 = 1.75 × (1.275) = 2.23    ...............1

D2 = 2.23 × (1.138) = 2.54    ...............2

D3 = 2.54 × (1.05) = 2.67      ...............3

and

year 2 price will be

P2 = D3 ÷ (R – g)    ...............4

P2 = 2.67 ÷ (0.10 - 0.05)

P2 = 53.4     ...............5

so current price will be

P = 2.23 ÷ (1.10) + 2.54 ÷ (1.10)2 + 53.40 ÷ (1.10)2

P = $48.26

4 0
3 years ago
Why might the current and quick ratios for the electric utility and the​ fast-food stock be so much lower than the same ratios f
yulyashka [42]

Current ratio is a comparison of current assets to current liabilities, calculated by dividing your current assets by your current liabilities.

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B. It is true that both of these industries would have low outstanding accounts receivable because people will need their power to survive and fast food places don't offer credit.

C. These two industries deal with cash mainly. Cash doesn't have to be physical currency, but accounts that can easily be paid.

D. Low current and quick ratios are actually signs of good management not poor management.

All of the above are correct EXCEPT answer D.

6 0
4 years ago
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rjkz [21]

Answer:

have developed through to the performing stage

7 0
3 years ago
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