1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Thepotemich [5.8K]
3 years ago
10

Winkler, a CPA, provided accounting services to a client, Thompson. On December 15 of the same year, Thompson gave Winkler 100 s

hares of Foster Corp. as compensation for services. The adjusted basis of the stock was $4,000, and its fair market value at the time of transfer was $5,000. The following year, Winkler sold the stock on February 15 for $7,500. What is the amount that Winkler should recognize as gain on the sale of stock?
Business
1 answer:
Lina20 [59]3 years ago
6 0

Answer:

the bonds will recognize a gain for 3,500

Explanation:

The adjusted basis of the stock will be the value in Winkler books.

So selling at 7,500 will recognize  gain for 3,500

You might be interested in
A recall has been issued for specific brand of orange juice the store manager his match the information from the recall notice t
brilliants [131]

The first step is to investigate why the product recall was required. Then the manager should ask for details of the incident, follow up and report. Following these first steps will be essential in analyzing what was the problem with the product, whether it was any breach of the quality standard required by regulatory bodies or some other relevant factor.

4 0
3 years ago
Josiah Warren's utopian societies included stores where goods were exchanged according to the amount of work a person completed.
emmasim [6.3K]

Answer:

A) True

The statement is true.

6 0
3 years ago
Which of the following acronyms identifies the Big Five personality dimensions
Burka [1]
The answer will be CANOE. Hope this helps:)
3 0
3 years ago
Match the factors to the target capital structure preferred.
Paraphin [41]

Answer:

See below ~

Explanation:

<u>Equity Capital Structure</u>

Equity capital refers to the money owed by the owners or shareholders of the company.

  • Fast growing companies like software
  • Businesses in the growth stage
  • Companies with high growth rate or credibility
  • Companies not in a position to provide collateral

<u>Debt Capital Structure</u>

Debt capital in the capital structure of the company refers to the borrowed money at work.

  • Managers with conservative management style
  • Companies want to show high credit rating
7 0
2 years ago
Angela Moss and Autumn Barber organize a partnership on January 1. Moss's initial net investment is $92,000, consisting of cash
geniusboy [140]

Answer:

1. Dr Cash$30,000

Dr Equipment (Long-term asset) $77,000

Cr Share Capital (Owner’s Equity) $92,000

Cr Bank Loan (Liability) $15,000

2.Dr Cash $37,000

Cr Share Capital (Owner’s Equity) $37,000

Explanation:

1. Preparation for the journal entries to record Moss’s investment

Dr Cash$30,000

Dr Equipment (Long-term asset) $77,000

Cr Share Capital (Owner’s Equity) $92,000

Cr Bank Loan (Liability) $15,000

( Being to record initial capital investment of Moss’s )

2. Preparation for the journal entries to record Barber’s investment

Dr Cash $37,000

Cr Share Capital (Owner’s Equity) $37,000

( Being to record initial capital investment of Barber's )

3 0
3 years ago
Other questions:
  • Preparing T-accounts (ledger) and a trial balance LO P2 Following are the transactions of a new company called Pose-for-Pics.
    6·1 answer
  • Bennett Corporation has the following data as of December​ 31, 2018​:
    8·1 answer
  • Give an example of a variable other than price for each of these markets (a) a rock band's concert tour (b)an electronic equipme
    14·1 answer
  • What's the best definition of financial literacy? A. The ability to find, evaluate, utilize, share, and create financial content
    15·1 answer
  • Which subsystem of marketing MIS systems summarizes and reports the results of surveys, questionaires, pilot studies, consumer p
    12·1 answer
  • A policy analyst was asked to evaluate current policy approach for subsidizing (i.e., providing financial assistance) child care
    11·1 answer
  • Which of the following situations demonstrates informational technology
    9·1 answer
  • One major reason countries trade with one another is to:
    11·2 answers
  • Paola and Isidora are married; file a joint tax return; report modified AGI of $148,000; and have one dependent child, Dante. Th
    5·1 answer
  • The most important useful measure of cost is
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!