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
vladimir1956 [14]
3 years ago
8

You are given the following facts about a solely owned S corporation. What is the shareholder's ending stock basis?

Business
1 answer:
DerKrebs [107]3 years ago
5 0

Answer:

c.$99,100

Explanation:

Beginning stock basis 39,800

Add:Increase in AAA $31,000

Increase in OAA $6,300

Stock purchases 22,000

Shareholder's ending stock basis $ 99,100

OR

Shareholder's ending stock basis = Beginning stock basis +Increase in AAA + Increase in OAA + Stock purchases

= $ 39,800 + 31,000 + 6,300 + 22,000

= $ 99,100

You might be interested in
What does it mean if your net assets increase
Bad White [126]
When a company earns income, it becomes larger because net assets have increased. Even if a portion of the profits is later distributed to shareholders as a dividend, the company has grown in size as a result of its own operations.
5 0
3 years ago
Read 2 more answers
While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a?
Sedaia [141]

While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a Credit to cash, debit to bank fees expense.

Bank Reconciliation is an important manner in accounting wherein agencies healthy their bank statements with the transactions which can be recorded in their preferred ledger. making ready a financial institution reconciliation statement facilitates businesses to put off viable errors in transactions or bookkeeping.

There are 5 principal kinds of bank reconciliation: financial institution reconciliation, consumer reconciliation, dealer reconciliation, inter-company reconciliation, and business-unique reconciliation.

In bookkeeping, a financial institution reconciliation is a procedure by using which the financial institution account balance in an entity’s books of account is reconciled to the balance said by using the monetary organization inside the maximum latest bank declaration. Any distinction between the 2 figures needs to be examined and, if appropriate, rectified.

Learn more about bank reconciliation here brainly.com/question/15525383

#SPJ4

7 0
1 year ago
Business operations Essay​
juin [17]

Answer:

The description of the given term "Business operations" is provided below.

Explanation:

  • Together with all measures essential to manage as well as generate money besides your firm, is considered as business operations.
  • Sometimes a component devoted to the industry would be included throughout the marketing strategies, enough so founding members comprehend or recognize the authoritarian leadership style, machinery, personnel, including procedures.
6 0
3 years ago
Operations management moves from knowing the needs of consumers to actually satisfying those needs.a) trueb) false
Mariana [72]

Answer:

<u>True</u>

<u>Explanation:</u>

Remember, no business operations would exist if there aren't any identified customer needs to solve.

Also, we need to bear in mind that Operations management activities are done in any business in other to efficiently (profitably) process raw materials,  labor, etc into the goods and services needed by consumers.

8 0
3 years ago
Jim transfers money from his money market account to his savings account. This action:________.
Verizon [17]

Answer:

a.reduced MI and increases M2

Explanation:

Hope that help you!!

4 0
3 years ago
Other questions:
  • The local government uses property taxes to pay for goods and services in the community. true or false
    12·2 answers
  • Financial information is presented below:
    11·1 answer
  • Hannah likes to frequent Citrus, a fine dining restaurant, as she loves its beef lasagna and orders it every time she visits the
    5·1 answer
  • When josh’s wage rises and he decides to work more hours, we know that the __________ effect has dominated the __________ effect
    8·1 answer
  • The cost of renting tuxes for the Choral Society’s formal is $20 down plus $88 per tux. Express the cost ???? as a function of x
    15·1 answer
  • In the Baldrige assessment, _____ refers to how a company refines the approach through cycles of evaluation and improvement, enc
    6·1 answer
  • Only very large businesses can become corporations.<br> A. true<br> B. false
    6·1 answer
  • There are two ways to calculate the expected return of a​ portfolio: Either calculate the expected return using the value and di
    14·1 answer
  • Assume BarnesandNoble.com has 289 business math texts in inventory. During one month, the online bookstore ordered and received
    10·1 answer
  • Michael works as a sales representative for an oilfield supply business in West Texas. He sells highly technical safety equipmen
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!