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
serg [7]
3 years ago
14

Roberta’s brokerage account contains 10 stocks. She has held five of those stocks for over two years, and she purchased the othe

r five stocks in the last six months. All the stocks have risen in value, so she decides to sell one to purchase a car. To receive the best tax treatment for the sale, which stock should Roberta sell?
A. Long- and short-term gains are taxed the same, so it doesn’t matter which stock she sells.
B. She should sell one of the stocks that she’s held for over two years because long-term gains receive preferential tax treatment.
C. She should sell stocks from each group because long-term gains can be used to offset short-term gains.
D. It doesn’t matter because preferential tax rates apply only to stocks held for over three years.
Business
1 answer:
Elena L [17]3 years ago
3 0

Answer: b

Explanation: took the test

You might be interested in
________ often assist companies and their employees with ethical issues by formally addressing contributions to government offic
spin [16.1K]

Answer: Code of ethics

Explanation: Code of ethics refers to the set of principles that guides the professionals to conduct their activities in an ethical manner. A professional can use a code of ethics when ethical dilemma arises during his job.

It assists the organizations and its members to understand the difference between right and wrong, and helping them to make ethical decisions.

Hence from the above explanation we can conclude that the correct answer is code of ethics.

4 0
3 years ago
Carin, a widow, elected to receive the proceeds of a $150,000 life insurance policy on the life of her deceased husband in 10 in
Viktor [21]

Answer:

The correct answer to the following question is option B) $2500 .

Explanation:

Given information -

Proceeds to be received on life insurance - $150,000

Carin receives 10 installments of $17,500 each , which takes total amount to - $175,000

Premiums paid by Carins husband - $60,000

Carin collected - $17,500 from insurance company

The interest element that would be included in her gross income -

$175,000 - $150,000

= $25,000

She is receiving payments in form of annuity, and the amount that should be included in her gross income in the first year should -

$25,000 / $175,000  x  $17,500

= $2500

8 0
3 years ago
On January 1, 2011 Grace Company had an $13,000 balance in the Accounts Receivable account and a zero balance in the Allowance f
Lubov Fominskaja [6]

Answer:

The amount of uncollectible accounts expense recognized on the 2011 income statement is:

$6,600.

Explanation:

As the amount of uncollectible accounts are expressed as percentage of the total sales, then the amount is $6,600

  • Initial Balance  

Dr Accounts Receivable  $ 13.000  

During 2011, Grace provided $55,000 of service on account  

Dr Accounts Receivable  $ 55.000  

Cr SALES $ 55.000  

  • The company collected $48,100 cash from account receivable.  

Dr CASH $ 48.100  

Cr Accounts Receivable  $ 48.100  

  • Uncollectible accounts are estimated to be 12% of sales on account  

Dr Bad Debt Expense $ 6.600  

Cr Allowance for Uncollectible Accounts $ 6.600  

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of accounts receivables as CREDIT.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary  to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

7 0
3 years ago
_______________ mrp is an mrp system that includes production planning, master production scheduling, and capacity requirements
Diano4ka-milaya [45]
A Tangible mrp is an mrp system that includes those stated
3 0
3 years ago
A consumer values a car at $20000 and it costs a producer $15000 to make the same car. If the transaction is completed at $18000
solniwko [45]

Answer:

The transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000

Explanation:

A consumer values a car at $20,000

It costs a producer $15,000 to generate that same car

The transaction is complete at $18,000

The first step is to calculate the buyer's surplus

= $20,000-$18,000

= $3,000

The seller's surplus can be calculated as follows

= $18,000-$15,000

= $3,000

Hence the transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000

8 0
2 years ago
Other questions:
  • When a monopolistically competitive market opens up to international trade, each firm produces a greater quantity of output than
    11·1 answer
  • When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amou
    8·1 answer
  • Convert 39/5 to a mixed number written in lowest terms
    5·1 answer
  • At one school, the average amount of time tenth-graders spend watching television each week is 21.6 hours. the principal introdu
    12·1 answer
  • All of the following are benefits of going to college EXCEPT…
    6·2 answers
  • Consequences of migration on the receiving country​
    13·1 answer
  • Smashed Pumpkins Co. paid $88 in dividends and $526 in interest over the past year. The company increased retained earnings by $
    7·1 answer
  • *WILL AWARD BRAINLIEST IF CORRECT!*
    7·1 answer
  • In the components of a business plan, what section contains a detailed description of the company, the problem/opportunity, prop
    12·1 answer
  • __________ is a widely recognized professional society for persons interested in operations and supply chain management.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!