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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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Answer:

d. $234.00

Explanation:

The computation of the service fees every year is shown below:

= Service fee × weekly charge method × total number of weeks in a year

= $2.25 × 2 × 52 weeks

= $234

Since we have to compute for the year so we multiplied all three above components. Moreover, it is given in the question that if Faye use out of network than the bank service charge will be double, so we multiplied it by 2

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3 years ago
I need help with Question B5 (a) short essay. im completely lost please help me :(
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2 years ago
Examples of credit risk.​
Dmitrij [34]

Answer:Some examples are poor or falling cash flow from operations (which is often needed to make the interest and principal payments), rising interest rates (if the bonds are floating-rate notes, rising interest rates increase the required interest payments), or changes in the nature of the marketplace that adversely affect

Explanation:

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3 years ago
Onofkp411 Corporation has a time contraint on one of its special machines. The company makes three products that use this machin
marta [7]

Answer: $7.20 per minute

Explanation:

Find out the profitability of each product as Contribution Margin per minute.

Magnifico

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= $10.12 per minute

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= (228.46 - 173.08) / 4.3

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= (199.21 - 159.61) / 5.5

= $7.20 per minute

Their least profitable product is $7.20 per minute.

The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.

<em>Options are most probably for another variant of the question. </em>

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3 years ago
If the owner of business withdrawals money for personal use but in performing a bank reconciliation determines that she had negl
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Debit withdrawals; credit cash is the correct answer.

<h3>What are drawings in accounting?</h3>
  • A drawing bank is not in and of itself a bank account.
  • Drawing in accounts are the records kept by a company owner or auditor that show how much cash has been taken by business owners.
  • These are transfers made for personal use rather than for the profit of the business, yet they are governed in a way that employee earnings are not.
  • Because these transfers must be offset against the owner's equity, accurate records must be maintained.
  • A separate drawings directly deals with it simpler to keep track of these actions and balance the books at the conclusion of every fiscal year when you need to know how to end your drawings account.

learn more about drawing account refer:

brainly.com/question/28137060

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