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
IceJOKER [234]
3 years ago
9

Under IRS rules, if a customer selling shares of stock wishes to use specific identification instead of FIFO for cost basis repo

rting, the broker-dealer effecting the trade must be notified of this no later than:
Business
1 answer:
Eddi Din [679]3 years ago
7 0

Answer:

Settlement Date

Explanation:

The broker is expected to be notified on the date which the cash or assets has been transferred has been completed. The settlement date simply refers to the date that the trade or sales of shares of stock settles, and thus when using specific identification rather than FIFO, the broker dealer must be notified no later than the settlement date for cost basis reporting.

You might be interested in
Dora’s company manufactures chocolate. They started off with manufacturing all kinds of chocolate, and now they want to expand i
Cloud [144]

Dora's company is entering into the Product Expansion of the marketing strategy.

This product expansion could be the introduction of new product in an existing market or the introduction of existing product in the new market.

So because Dora's company is going to introduce beverages in the same market, they are doing the product expansion.

They are currently selling chocolates and now they want to manufacture beverages as well. It means they are expanding their product line in the same market. This strategy is the Product Expansion strategy of marketing.

3 0
3 years ago
At the closing on June 15, the buyer is assuming a mortgage presently on the property, on which the monthly interest charge is c
Viefleur [7K]

Answer:

The correct answer is :

  • Debit seller $300;
  • Credit buyer $300.

Explanation:

The interest of a mortgage is estimated by dividing the interest rate by the days of the year and after that, the outcome has to be multiplied by the outstanding one. This interest can be the same amount every day of the same month. Normally, the amount due the lender is calculated a month at a time.

4 0
3 years ago
What are some Financial sources that are NOT reliable! plz help i will give 19 to the brainilest
Aleksandr-060686 [28]

Answer: See on how dependent on advertising a publication is.

Explanation:

8 0
2 years ago
Read 2 more answers
What are two things you need to maintain if you assist a person with banking and bill paying?
Anton [14]

Answer:

transaction record and a reconciliation of the transactions

An adequate bank balance and a budget.

Legal guardianship of the person and power of attorney

Your documentation as payee for the person you support and the bankbook

8 0
3 years ago
The aggregate supply curve slopes a. downward because firms can sell more at lower prices. b. upward because firms can hire work
RideAnS [48]

Answer:

The correct option is (b)

Explanation:

Aggregate supply curve is upward sloping as output increase with the increase in price. In the short run, wage rate is fixed. As such, in the short run, firms can hire more workers at fixed wage rate. An increase in price indicates more profits, thereby increasing output.

This is the reason for upward sloping AS curve.

4 0
3 years ago
Other questions:
  • Slider owns a hamburger restaurant. Slider's minimum average variable cost is $ 10 at a quantity of 100 hamburgers, and his mini
    14·1 answer
  • Whom does inflation hurt the most?
    7·1 answer
  • State University sold all of its basketball tickets to its students for 15 home games on September 30 for​ $1,200,000 (basketbal
    7·1 answer
  • Streep Factory provides a 2-year warranty with one of its products which was first sold in 2017. Streep sold $1,000,000 of produ
    8·1 answer
  • Other than treating skin, estheticians also often?
    12·2 answers
  • Suppose that corn prices rise significantly. If farmers expect the price of corn to continue rising relative to other crops, the
    5·1 answer
  • A car dealership promotes cars by donating a percentage of each sale to local charities. A beverage company gives free branded t
    5·1 answer
  • Braden is in the 12% marginal tax bracket with a taxable income of $36,000 for the year. In addition, Braden has a $500 long-ter
    10·1 answer
  • Going public: Group of answer choices ensures that the company gains control in decision making. enhances the company's ability
    12·1 answer
  • Nina and rob prepaid some of their interest to their lender when financing their new home. what's this called?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!