Answer:
there is gain and receive is $100 long term gain
Explanation:
given data
Sadie sold = 10 shares
Sadie sold shares of stock = $500
time = 16 year ago
Sadie purchased the stock = $600
time = 2 year earlier
George sells stock = $700
to find out
amount and character of his recognized gain or loss in the current year
solution
we know that George receives dual basis in the stock
his loss = $600 - $500 = $100
and
if we consider stock is sold at a gain
then George receives a carryover basis = $600
and
if we consider stock is sold at a loss
then George receives = $500
also here his sister basis and holding period is transfer to her brother
so we can say there is gain
and receive is = proceed - carryover basis
receive is = $700 - $600
receive is $100 long term gain
Answer:
A- Gill, a credit customer
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.
Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.
This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.
Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.
Answer:
In a larger corporation, the CFO's duties shift more toward analysis, oversight, and management.
Explanation:
Accounting and Reporting: The CFO is responsible for keeping accurate financial records and for reporting on a company or organization's financial status.
Sputnik Enterprises is exploring options for entering into international markets. The key stakeholders have expressed that the primary concern is that Spotnick maintains the maximum amount of control possible to protect its proprietary technology. A greenfield venture entry would be best for Spotnick.
<h3>What Is a Green-Field Investment?</h3>
A green-field (also "greenfield") investment is a type of foreign direct investment (FDI) in which a parent company creates a subsidiary in a different country, building its operations from the ground up. The strategy involves building everything the company needs from the ground (or green field) up. This can include all facets of the business, from plant construction to marketing and distribution channels.
To learn more about Green-Field Investment visit the link
brainly.com/question/15104691
#SPJ4
All of these factors are important to consider EXCEPT "taxes paid on interest" because the banking institution has no control over the tax rate and how much you would be responsible for paying at the end of the year. Tax rates are set by federal and state governments and would be the same rate no matter which savings account you chose.
