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
Fiesta28 [93]
3 years ago
5

Lansing Company is owned equally by Jennifer, her husband Dan, and DeWitt Corporation, which is owned 50 percent by Jennifer and

her sister Jane. Each of the three shareholders holds 100 shares in the company. Under the §318 stock attribution rules, how many shares of Lansing stock is DeWitt Corporation deemed to own?
(A) 100
(B) 200
(C) 250
(D) 300
Business
1 answer:
LuckyWell [14K]3 years ago
4 0

Answer:

(D) 300

Explanation:

Total number of shareholders = 3

Number of shares per shareholder = 100

Total Shares owned by DeWitt Corporation = 100*3

                                                                         = 300

Therefore, DeWitt Corporation is deemed to own 300 shares of Lansing stock.

You might be interested in
Universal finance has segmented its customer base into two categories: high wealth and retirement. high wealth accounts should b
kap26 [50]

In the scenario in which the segmentation of the customer base is in two categories: high wealth and retirement. A system administrator can make the differentiation high wealth accounts to be visible to high wealth sales team members and retirement accounts should be visible to all sales user, by setting the organization-wide default sharing to private and create a sharing rule to share Retirement accounts with all Sales users.

7 0
3 years ago
When companies recruit people to promote products to friends and other contacts in exchange for free samples or other​ rewards,
barxatty [35]

Answer:

The answer is: Referral marketing

Explanation:

Referral marketing is like word of mouth marketing, but with a reward.

We are all social creatures, some more than others, and we like to tell our friends about things that might be considered interesting, new, good, etc (a little gossip). We also know by now that advertisement is usually not 100% accurate, so we don´t fully trust it. When one of our friends tells us that they tried product X and it was great, we do trust them and probably will end up buying product X.

4 0
3 years ago
You purchased 100 shares of IBM common stock on margin at $130 per share. Assume the initial margin is 50%, and the maintenance
N76 [4]

Answer:

$46.43

Explanation:

Calculation for Below what stock price level would you get a margin call

First step is to calculate the Loan amount

Loan amount=(100 shares × $130 × 0.5

Loan amount= $6,500 × 0.5 = $3,250

Now let calculate Stock price level

0.30 = (100P $3,250)/100P

30 - P = 100P - $3,250

30-100P= - $3,250

-70P = -$3,250

P=$3,250/70

P = $46.43

Therefore Below what stock price level would you get a margin call will be $46.43

7 0
2 years ago
Roofing Issues. Sally agrees to roof a house for Bob. After doing his research, Bob chooses Sally based on her great reputation
expeople1 [14]

Answer:

C. Spencer will win because regardless of whether Glen was acting within the scope of his employment, Sally is liable for his negligence

Explanation:

Spencer will win the lawsuit and Sally is liable for negligence.

This is because, Sally was the person originally hired to do the roofing job.

She hired other workers to help her with the job, so she's liable to their actions and inactions.

Sally is operating under a working agreement (contract) and has already charged a fee of $10,000 so any punitive damages would be her responsibility.

Spencer was moving around and Glen threw some roofing shingles without any word of warning to people that might be in harm's way. So for Glenn's actions, Sally is liable for his negligence.

5 0
3 years ago
Power Company issued a $ 1,000,000​, 5 %​, 10​-year bond payable at at face value on January​ 1, 2016. Requirements
Anettt [7]

Answer and Explanation:

The journal entries are shown below:

1. Cash Dr $1,000,000

         To Bond payable $1,000,000

(Being the issuance of the bond is recorded)

For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities

2. Interest Expense Dr ($1,000,000 × 5% × 1 ÷ 2) $25,000

             To Cash $25,000

(Being the interest expense is recorded)

For recording this we debited the interest expense as it increased the expense and credited the cash as it decreased the asset

4 0
2 years ago
Other questions:
  • New corporation had net income for 2016 of​ $80,000. new corporation had​ 13,000 shares of common stock outstanding at the begin
    13·1 answer
  • One type of manufacturing procedure would be: equipment,
    12·1 answer
  • Penguin Island produces capital goods and consumption goods. Suppose its economy experiences growth. In this case, growth means
    11·1 answer
  • How do we know our current money has value?
    13·1 answer
  • _____ refers to the systematic process of regulating a company's activities to make them consistent with the expectations establ
    9·1 answer
  • Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.
    10·1 answer
  • Hassock Corp. produces woven wall hangings. It takes 3 hours of direct labor to produce a single wall hanging. Hassock standard
    9·1 answer
  • _______________operate as for-profit or not-for-profit organizations that facilitate, promote, or encourage B2B relationships be
    5·1 answer
  • Charlie wants to get a job in which he is rewarded for his work on a fixed interval reinforcement schedule. which job should cha
    11·1 answer
  • Changes in the technological environment create increases in world wide in all sectors of the economy, creating exciting challen
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!