2 years ago

Caramel Corporation has 5,000 shares of stock outstanding.

Business

1 answer:

Jet001 [13]2 years ago

4 0

<u>Answer and Explanation:</u>

Caramel Corporation outstanding share are 5000

Caramel Corporation distributes $145,000 in an exchange for 1000 number of shares in a qualifying stock redemption.

Given : caramel Corportaion has E&P of around $300,000.

E&P attributable to 1000 number of shares = $300000 * 1000 / 5000=\$ 60,000$

Therefore, the consequence of this redemption are $60,000 charge to E&P and reduction in caramel Corporation paid-in capital account is $85000 ($145000 subtract $60000)

You might be interested in

Workers are constantly adjusting to changes in technology and society that affect work. In order to keep up with all of these ch

lukranit [14]

B: Because if you're only caught up with what you had when you were young, you won't know how to effectively use todays inventions to your advantage.

8 0

2 years ago

Read 2 more answers

Alain Mire files a single tax return and has adjusted gross income of $314,000. His net investment income is $43,000. What is th

ratelena [41]

Answer:

$1,634

Explanation:

The computation of the additional tax to be paid is shown below:

Additional tax is

= Tax rate × net investment income

= 0.038 × $43,000

= $1,634

We simply multiplied the tax rate with the net investment income in order to determine the additional tax

4 0

2 years ago

What is Sharpie's target market?

White raven [17]

Answer:

The campaign is aimed at teenagers.

Explanation:

Sharpie's global vice president for marketing, because they “use Sharpie in the most creative, inspiring ways.

Have a good day and stay safe!

5 0

3 years ago

What type of discount would Lennox offer its air conditioner dealers if they placed their orders and received delivery before Ap

gladu [14]

Seasonal allowance would be given

7 0

2 years ago

Read 2 more answers

If you want to give a vendor an incentive to complete work early, which type of contract would you use?Select an answer:a. fixed

uranmaximum [27]

Answer:

The correct answer is letter "A": fixed price.

Explanation:

A fixed price incentive is a type of price that is set based on a reward that will be given only in the case the good or service traded results to be better than expected. It is normally applied when the good or service is delivered to the consumer before so the consumer has the product for extra time with no additional cost.

8 0

3 years ago

Read 2 more answers