Answer:
$2000 of canceled debt that Marvin must report on his return
Explanation:
Please see attachment
Selling for much less than their selling prices just two to three years ago.
Answer:
Answer is given below.
Explanation:
Preferred stock yield = dividend/ stock price
a) dividend =$1.81 , stock price =$30
Preferred stock yield = $1.81/$30= 6.033%
b) dividend =$1.81 , stock price =$25
Preferred stock yield = $1.81/$25=7.24 %