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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.

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Your plan to enter a career is an example of a (an)
Vesnalui [34]
Plan or devotion in life, it is an influence to what you want to do :)
8 0
3 years ago
Read 2 more answers
If a special sales order is accepted for​ 8,100 widgets at a price of​ $39 per​ unit, and fixed costs increase by​ $13,000, how
Lana71 [14]

Answer:

D) Increase by $68,000

Explanation:

The computation of change in the operating income is shown below:

Sales ( 8,100 widgets × $39) $315,900

Less: Variable cost (8,100 widgets × $29) ($234,900)  

Contribution margin $81,000

Less: Increase in fixed assets -$13,000

Net income increased              $68,000

We simply applying the above format so that the change in the operating income could be find out. Since the net income is in positive so it shows an increment

8 0
3 years ago
The striking dock workers on the west coast refused to unload the ships carrying merchandise for retail stores. These stores suf
son4ous [18]

Answer:

indirect loss, cannot be

Explanation:

Indirect losses refers to a type of loss that incurred outside of circumstances that usually occur in normal operation. (such as loss because the government created a certain type of law or loss because people are conducting strikes on other areas of our business)

Insurance companies can't cover Indirect losses because these costs tend to be really unpredictable and extremely hard to be measured .  They will specify that they wouldn't cover these types of loss during the initial cotnract.

4 0
3 years ago
What are the shops called that are in the middle of the mall?
Kobotan [32]
Those shops which are located in the mid of the mall and operated from there are called as Mall Koisk.

3 0
3 years ago
A corporation is incorporated in only one state regardless of the number of states in which it operates.
k0ka [10]

Answer:

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

True.

5 0
4 years ago
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