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3241004551 [841]
3 years ago
9

Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respe

ct to which the rights are issued has a basis of $4,000 and an FMV of $120,000. Bruce allows the stock rights to lapse.
He can deduct a loss of:


A) $0.


B) $1,000.


C) $5,000.


D) none of the above
Business
1 answer:
svlad2 [7]3 years ago
4 0

Answer:

c. $5,000

Explanation:

Bruce can deduct loss of $5,000

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Pharoah, Inc., paid a dividend of $4.25 last year. The company's management does not expect to increase its dividend in the fore
Maslowich

Answer:

The current value of the stock is $3.63

Explanation:

The company's management does not expect to increase its dividend in the foreseeable future. It means that the dividend for this years (to be received after 1 years from today) is also $4.24  

Future value (FV): $4.25

Rate: 17%

Present value (PV) = FV/(1+rate)^tenor

= 4.25/(1+17%) = $3.63

5 0
3 years ago
Most students are on strike. Very few students were crossing the picket line. In fact, the postal employees refused to deliver m
brilliants [131]

Answer:

TRUE.

Explanation:

A secondary boycott is an attempt to influence the actions of one business by exerting pressure on another business. It is a situation where one refuses to do business with a company in an attempt to persuade them not to do business with another company where the employees are striking or involved in a disagreement with their employees.

Typically a labor union involved in a dispute with an employer will arrange a secondary boycott if less drastic measures to reach a satisfactory accord with the employer have been ineffective. Secondary boycotts have two main forms: a secondary consumer boycott, in which the union appeals to consumers to withhold patronage of a business, and a secondary employee boycott, in which the union dissuades employees from working for a particular business.

Since the postal employees refused to deliver mail claiming that they were honoring the strike for their fellow service union members. Therefore, it is TRUE that the postal employees were participating in a voluntary secondary boycott.

4 0
3 years ago
The decision by one of the courtroom professionals to​ charge, or not to​ charge, a person with an offense is​ called:
liraira [26]

This is the decision to prosecute.

District attorneys and other courthouse officials have to make the decision on whether someone who was arrested will actually be charged with a crime or not.

5 0
3 years ago
Read 2 more answers
John is evaluating which investment would be best for his company. He wants to determine the future value of a certain investmen
ruslelena [56]

Answer: $220

Explanation:

The following information can be derived from the question:

PV = $200

INT = 0.1 or 10%

N = 1 (years)

To calculate the future value of this investment, we will use the formula:

FV = PV( 1 + i)^n

FV = $200(1 + 0.1)

FV = $200(1.1)

FV = $220

The future value of this investment would be $220.

6 0
3 years ago
On July 1 the FISHER Shoe Store paid 15,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the
spin [16.1K]

Answer and Explanation:

The adjusting entry is as followS:

Rent expense $2,500

      To Prepaid rent $2,500

(Being rent expense is recorded)

Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets

The rent for one month is

= $15,000 ÷ 6 months × 1 month

= $2,500

7 0
3 years ago
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