Answer:
$6,000
Explanation:
Since this sale and the exercise of the options didn't occur in the same year, we must make an adjustment for AMT.
In calculating alternative minimum taxable income (AMT), a taxpayer must add or subtract amounts from regular taxable income due to the different treatment of certain tax items for AMT.
In the year 2019:
market price of the stock = $250
Liza acquired it at = $190,
Therefore,
Gain = (Acquired price - market price of the stock) × no. of shares
= ($250 - $190) × 100
= $60 × 100 shares
= $6,000
Liza needs to report this as income under AMT adjustments in 2019. This will be reported in for 6,251.
Answer:
Date Account Titles and Explanation Debit Credit
Cash $27,500
Common stock $27,500
(Being shares issued at cash price recorded)
Common stock = 2,500 shares * $11
Common stock = $27,500
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The actual quantity of direct materials purchased 20,000 pounds.
standard price of direct materials $ 7.00 per pound.
Material price variance $ 5,000 Unfavorable.
Material quantity variance S 2,500 Favorable.
Direct material price variance= (standard price - actual price)*actual quantity
-5,000= (7 - AP)*20,000
5,000= 140,000 - 20,000AP
20,000= 145,000AP
Actual price= 7.25
Answer:
The expected return on her portfolio is B) 11.8%
Explanation:
Hi, the expected return of a portfolio can be found by multiplying the weight of each of the assets times each of its expected return, that is:
So everything should look like this
The expected return of the portfolio is 11.8%, that is option B)
Best of luck.
