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Marrrta [24]
2 years ago
7

Since 2008, Ben has owned all 100 outstanding shares of N and M Corporation’s stock. Ben’s basis for the stock is $50,000. In 20

19, N and M have earnings and profits of $100,000. The corporation redeemed 25 shares of Ben’s stock for $75,000 in 2019. How will Ben report this?
A. $75,000 dividend.B. $75,000 gain.C. $50,000 gain.D. None of the above
Business
1 answer:
FromTheMoon [43]2 years ago
6 0

Answer:

A. $75,000 dividend

Explanation:

This is not  a capital gain as it do not come from the change in the value of the previously owned shares this are new shares.

The shares which N and M provide in favor to Ben are an stock dividend thus, the tax treatment should be of dividends as well.

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Answer:

E) bait and switch

Explanation:

BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.

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5 0
2 years ago
4 1/2 + 5 1/2 help fast!!!!!!!!!!!!!!!!!!!!!!!!
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Answer:

10

Explanation:

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2 years ago
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Read the following scenario: A contributing member of a project is out sick. Identify the possible risks to the project. Busines
Elodia [21]

It's the last one, "Timeline and resources"

3 0
3 years ago
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The treasurer of a major U.S. firm has $40 million to invest for three months. The interest rate in the United States is .28 per
diamong [38]

Answer:

Check the explanation as follows.

Explanation:

a) If it is invested in US

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Interest for 1 month= $40 million*0.28%= $0.112 million

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Total value after 3 months= $40 million+$0.336 million = $40336000.

b) If it is invested in Great Britain.

Convert $40 million into Pounds= $40 million*0.639 = Pound 25.56 million

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Interest per month= 25.56 million*0.32% *3 = 0.245376

Total Pounds after 3 months= Pound 25.805376

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8 0
2 years ago
An office management firm has developed a system for efficiently organizing small medical and dental practices both through prop
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Answer:

The answer is option C.  achieve economies of scope.

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Based on the scenario portrayed in the question, the office management firm is hoping to achieve economies of scope.

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3 years ago
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