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olganol [36]
3 years ago
13

Rosalie owns 50% of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $80,000 to

Rosalie in exchange for one-half of her shares, which have a basis of $100,000.
Compute Rosalie’s recognized loss, if any, on the redemption.
Business
1 answer:
lesya692 [45]3 years ago
4 0

Answer:

Rosalie’s recognized loss is $20,000.

Explanation:

Calculate the person R’s recognized loss:

Person R's recognized loss = Amount distributed -Basis of share

= $80,000-$100,000

= $20,000

Therefore, person R’s recognized loss is $20,000.

Person R’s recognized loss is $20,000.

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Money that you owe the Internal Revenue Service because you did not pay enough in over the year is known as a ________________.
matrenka [14]

Answer:

Tax due or tax bill any one of them

5 0
2 years ago
g The $1,000 face value bonds of Trident Corporation have coupon of 5.5 percent and pay interest semiannually. Currently, the bo
Maslowich

Answer:

The answer is 5.73%

Explanation:

Given Coupon rate=5.5%; Years of maturity= 12years, Face value bonds= $1,000, Price=98.2

NPER= Years of maturity *2= 12*2=24

PMT= (Face value * coupon rate)/2= (1000*5.5)/2= 5500/2= 2.75

Therefore:

Rate = (NPER, PMT, -Price, Face value)= (24, 2.75, -98.2, 1000)= 2.87%

Yield to maturity= Rate *2= 2.87*2= 5.73%

6 0
3 years ago
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
yuradex [85]

Answer:

The following scenarios from the listed are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States. They include;

1) The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

2) The variety of goods available to consumers

3) The costs of overfishing and other overly intensive uses of resources.

8 0
3 years ago
Adams Industries holds 42,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exe
olga2289 [7]

Answer:

investment in FedEx = 4410000

Unrealized holding gain = 420000

Explanation:

given data

FedEx common stock = 42,000 shares

market value = $95

market value = $105

to find out

what amount will it be reported in the 2019 balance sheet

solution

we know that It is coming under available for sale security since the shares hold is less than majority of outstanding shares

and here

investment in FedEx =42,000  × 105

investment in FedEx = 4410000

and

Unrealized holding gain is = ( 105 - 95 ) × 42000

Unrealized holding gain = 420000

5 0
4 years ago
An applicant should always print their résumé on paper that is _____.
vaieri [72.5K]
The answer is b) white or light colored
8 0
3 years ago
Read 2 more answers
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