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3 years ago

10

Agnes sold 50 shares of ABC stock to her son, Steve, in year 4 for $42,000. She bought the stock eight years ago for $50,000. St

eve sold the stock to an unrelated party in year 6 for $60,000. How much gain will Steve recognize from the sale in year 6?

1 answer:

DENIUS [597]3 years ago

4 0

Answer:

None, he will have to declare by the beginning of year seven

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kozerog [31]

No because he should of followed orders

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3 years ago

A good example of a government imposed-price ceiling is:

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<span>A price ceiling would exist on items like the rent for apartments, which some municipalities would place on landlords as a way of making sure people find affordable housing. By setting the price at a maximum, the government has imposed a ceiling above which it is illegal to charge.</span>

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Beckronski Company has the following information available for the month of March: Units Transferred- in Costs Direct Material

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Answer:

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Explanation:

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Direct Mat Conversion Costs WIP inventory

March 1 240 $33,600 0 $18,000

<u>Percent complete 100% 0% 62.5%</u>

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Transferred in

<u> March 400 </u>

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Work In Process Equivalent Unit Weighted Average Cost Method=

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I = investment Expenditure

G = Government Spending

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