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torisob [31]
3 years ago
9

Zero Corp. is an investment company authorized to issue only common stock. During the last half of the current year, Edward owne

d 450 of the 1,000 outstanding shares of stock in Zero. Zero would not be subject to the personal holding company (PHC) penalty tax if the remaining 550 shares of common stock were owned by:_______.
A) An estate where Edwards is the beneficiary.
B) Edwards's brother-in-law.
C) A partnership where Edwards is not a partner.
D) Edwards's cousin.
Business
2 answers:
Serga [27]3 years ago
7 0

Answer:

C)

Explanation:

Based on the scenario being described it can be said that they would not be subject to this if the common stock were owned by a partnership where Edwards is not a partner. Most likely if the stocks were divided between Fifty-five shareholders who are related neither to each other nor to Edward, in equal lots of 10 shares each.

Ierofanga [76]3 years ago
6 0

Answer:

C

Explanation:

Zero Corp. is an investment company authorized to issue only common stock. During the last half of the current year, Edward owned 450 of the 1,000 outstanding shares of stock in Zero. Zero would not be subject to the personal holding company (PHC) penalty tax if the remaining 550 shares of common stock were owned by a partnership where Edwards is not a partner and also Fifty-five shareholders who are not related ne to each other nor to Edward, that share equal lots of 10 shares each. This being the case.

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Answer:

$90,000

Explanation:

It is given that :

The pretax accounting income of Bryce Corporation               100,000

The interest on the municipal bonds                                            - 7,000

The depreciation                                                                            - 5,000

The difference in bad debt expense (3000-1000)                   <u>    +2,000</u>

So the total income of Bryce Corporation                                  $ 90,000                      

4 0
2 years ago
In business, failure usually means what? A. The market wasn't saturated enough. B. The company was unethical. C. The customers h
Pie
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Usually, in the business world, the reason for failure is due to the company running out of money this can be a culmination of all the reasons listed above or for other reasons, but a company is not really considered a failure until it runs out of money.

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5 0
3 years ago
Read 2 more answers
A portfolio is consisted of two stocks:$1,000 in stock X and $3,500 in stock Y. The expected return on stock X is 12%, and 6% fo
oksano4ka [1.4K]

Answer:

Portfolio return = 7.3%

Explanation:

<em>The portfolio expected rate of return would be the weighted  average expected rate of return</em>

Weighted average expected rate of return=

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Teams comprised of people from various disciplines are a primary component of ________, which involves product and process desig
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In a newsvendor model where the demand has normal distribution, if Co &lt; Cu, i.e., the overage cost is lower than the underage
mars1129 [50]

Answer:

maximum

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