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Colt1911 [192]
2 years ago
13

On November 1, 2017, Bob, a cash basis taxpayer, gave Dave common stock. On October 30, 2017, the corporation had declared the d

ividend payable to shareholders of record as of November 22, 2017. The dividend was paid on December 15, 2017. The corporation has paid the $1,200 dividend once each year for the past ten years, during which Bob owned the stock. When Dave collected the dividend on December 15, 2017:a. Bob must include $1,000 (10/12 x $1,200) of the dividend in his gross income.b. Bob must include all of the dividend in his gross income.c. Dave must include all of the dividend in his gross income.d. Dave should treat the $1,200 as a recovery of capital.e. None of these is correct.
Business
1 answer:
Ludmilka [50]2 years ago
8 0
I ma Gathas izgbauv ah ah shucks shvsjgwnigs she skis s if ski. I’ve so. Kiev I’ve J.B. sign snhivs jib. S
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Write two sentences that explain what this evidence tells you about Manjiro’s culture.
Montano1993 [528]

Manjiro presents a sword and short knife to his friend. The way that he and his friend talk about them show that they are important in Japanese culture.

mark me brainlist plz

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2 years ago
Give any two merits and demerits of the partnership firm
fiasKO [112]

Answer:

w

Explanation:

w

8 0
2 years ago
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Which process best describes how you might prepare to apply for a job?
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C You always want to prepare

7 0
2 years ago
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Virginia supply offers their customers trade credit with terms 2/15, net 30. this implies that:
Ivenika [448]

This implies that 2%/15 net 30 is a method of giving cash discounts on purchases. What this means is that if the bill is paid within 15 days, there is a 2% discount. Or else, the total amount is payable within 30 days. For instance, if "$1000 2/15 net 30" is printed on a bill, the buyer can take a 2% discount ($1000 x .02 = $20) and make a payment of $980 within 15 days or pay the whole $1000 in 30 days.

5 0
2 years ago
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Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 million. Its ex
maw [93]

Answer:

NPV = 37,599 Negative

Explanation:

We can calculate the NPV of the new sewing machine by deducting the Present value of future cash inflows by Investment

Initial investment = Machine cost + Training cost - Salvage value

Initial investment = 2,450,000 + 85,000 - 250,000

Initial investment = 2,285,000

Year                                      DF(9%)   Present Value

1  Cash inflow     390,000  x 0.917      $357,798

2 Cash inflow     400,000  x 0.842    $336,672

3 Cash inflow     411,000   x  0.772     $317,367

4 Cash inflow     426,000  x 0.708     $301,789

5 Cash inflow     334,100  x 0.650     $217,077       (434,100 - 100,000)

6 Cash inflow     435,000  x 0.596    $259,376

7 Cash inflow     436,000 x 0.547     $238,507

7 Salvage value 400,000 x 0.547     $218,814  

     

Present Value of cash inflow             $2,247,401

Initial investment                                $2,285,000

NPV ($2,247,401 - $2,285,000)          (37,599)    

Conclusion: Hillsong should not purchase the new machine as the NPV of the machine is negative      

4 0
3 years ago
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