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
grin007 [14]
3 years ago
11

Fact Pattern: Conner purchased 300 shares of Zinco stock for $30,000 in 1994. On May 23, 2013, Conner sold all the stock to his

daughter Alice for $20,000, its fair market value at the time. Conner realized no other gain or loss during 2013. On July 26, 2013, Alice sold the 300 shares of Zinco for $25,000.What amount of the loss from the sale of Zinco stock can Conner deduct in 2013?
Business
1 answer:
Paul [167]3 years ago
8 0

Answer: Loss from sale of Zinco stock = $10,000

Explanation:

Given that,

Conner purchased 300 shares of Zinco stock for $30,000 in 1994

On may 23, 2013 conner sold all the shares to his daughter for $20,000

This clearly shows that conner incurred a loss of $10,000 from selling it to his daughter.

Hence,

Loss of $10,000 should be deducted from sale of zinco stock in 2013.

You might be interested in
Eurodollars are _________. A. dollar denominated deposits at any foreign bank or foreign branch of an American bank B. dollar de
Ipatiy [6.2K]

Answer:

A. dollar denominated deposits at any foreign bank or foreign branch of an American bank

Explanation:

  • Are dominations deposited in US dollars in banks that are outside the united states thus are not under the rule or jurisdiction or federal laws. The eurodollar rate is also known as the LIBOR rate is equal to the base rate adjusted by minimum reserve requirements.
  • The eurodollar market accounts for a higher rate of interest, greater the flexibility of the maturities and has a wider range of investment in the qualities.
  • It has roots in WW2 when the US gave funds from the marshall plan to rebuild the European continent.
4 0
3 years ago
The term for a rise in prices of general consumer goods is
skad [1K]
C. Inflation

If you require clarification on why, feel free to comment! 

3 0
3 years ago
Countries are interconnected today as never before. From eating foods from different countries to singing along to songs perform
Nuetrik [128]
This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings.  You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations.  However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in.  For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic.  We in turn also placed bans on importing beef from the UK.  

These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).
5 0
3 years ago
The security model for Universal Containers in Private for the Case object. When a support case is raised by a user with the Cus
vodomira [7]

Answer:Share group

Explanation:

A share group is a professional peer group of individual from NGA member companies. These meeting provide the opportunity for like segments in the independent grocery industry to meet in person, problem solve, swap ideas and help non competing industry partners.

3 0
3 years ago
A rock-climbing school faces two demand curves. the demand by local residents is q = 400 – 0.5p, and the demand by others is q =
horrorfan [7]
A rock-climbing school faces two demand curves. The demand by local residents is Q = four hundred - zero.fivep and the demand by others is Q = five hundred - zero.fivep. The marginal costs of serving either local residents or other are constant at one hundred dollars. If the rock-climbing school system third-degree price discrimination, It will charge local citizens and others a price of four hundred fifty dollars and five hundred fifty dollars, respectively.
7 0
3 years ago
Other questions:
  • A company that produces a popular brand of pasta decides against increasing product price. instead, the management decides to de
    7·1 answer
  • Assuming a country's economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of l
    8·1 answer
  • What is one negative effect of current patterns in global trade?
    8·2 answers
  • 1.different types of socialization?​
    14·2 answers
  • It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. Consider a cu
    14·1 answer
  • An Economy That Is Neither Growing Nor Shrinking Is Said To Be In A Period Of
    12·1 answer
  • Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in
    8·1 answer
  • Five years ago Thompson, an investor, ran across a board game that he enjoyed and believed the game would become very popular. H
    7·1 answer
  • Please help!! This is for economics
    6·1 answer
  • What is the calculation used to determine the estimated annual interest amount a borrower will pay on a loan?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!