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s2008m [1.1K]
3 years ago
5

John bought 1,000 shares of Intel stock on October 18, 2014, for $30 per share plus a $750 commission he paid to his broker. On

December 12, 2017, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction.
What is John's adjusted basis in the 1,000 shares of Intel stock?
Business
1 answer:
fenix001 [56]3 years ago
4 0

Answer:

$30,750

Explanation:

Given that,

Shares purchased = 1,000 shares of Intel stock

Price per share = $30

Commission paid to broker = $750

John's adjusted basis:

= Purchase price + Commission paid to broker

= (No. of shares purchased × Price per share) + $750

= 1,000 × $30 + $750

= $30,750

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1. The price for Uber services increases.

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6 0
3 years ago
Why is a business plan considered a living document?
steposvetlana [31]

Answer:

Explanation:

A Living Document. A business plan is often referred to as a “living document”. This is because a these plans are constantly changing. Whenever new developments in competition, marketing tools, the legal factors which relate to an industry, or others change a business plan must be updated so as to keep relevant.

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3 years ago
If Pharrell invests his money in stocks and high-yield bonds, which phrase
Dmitriy789 [7]

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  • The portfolio that he invests in ( stocks and high-yield bonds) is an example of high risk portfolio

In conclusion, the phrase  that describes his investment strategy is "<em>Risky and Long term investor</em>"

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3 0
2 years ago
For the built-in loss limitation to apply, the property must have been acquired by the corporation as part of a plan whose princ
adoni [48]

Answer:

Yes, it is true that for the built-in loss limitation to apply, the property must have been acquired by the corporation as part of a plan whose principal purpose was to recognize a loss on the property by the liquidating corporation. That is why A net built in loss has to be determined first.

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Limitation is equal to the value of the stock of the loss borne by corporation immediately before the ownership changes.

The basis limitation rule only applies when there is a net built-in loss.

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3 years ago
The system of ownership of real property in the united states is what?
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Can you re word the question please
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4 years ago
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