Answer:
The answer is: Ms. Crocker LTCL is $0 and her basis for her 1,000 shares purchased in 2020 is $8,000
Explanation:
Ms. Crocker initially bought 1,000 stocks at $10,000, then she sold her stock at $9,000 losing $1,000. Then she again bought the same stock for $7,000. She can offset her initial loss ($1,000) and instead add it to the value of the stock purchased later. So instead of having 1,000 shares with a $7,000 value, she can value her stock at $8,000.
Answer:
Dividend $82,500 (debit)
Cash $82,500 (credit)
Explanation:
Dividends are distributed to the shares outstanding at declaration date instead of authorized shares.
Dividend = 110,000 shares outstanding × $1× 0.75
= $82,500
Note : Value used is based on the par value of shares
Dividend $82,500 (debit)
Cash $82,500 (credit)
<span>Becky is a private accountant whose work is mainly with managerial accounting. Managerial accounting is a process o identifying, measuring, analyzing, interpreting, and communicating information in order to achieve the goals of an organization. Another name for managerial accounting is cost accounting.</span>
Options: A. Inflationary
B. Transactional
C. Speculative
D. Precautionary
Answer:D. Precautionary
Explanation: Precautionary demand is a type of demand where investors take adequate steps to prepare for possible economic threats expected in the future. With precautionary measures a person will either make adequate purchases in the case where the threat is concerning the rise in general prices of goods or make withdrawals from the bank in the case possible bank threats etc.
Answer:
key terms in purest from a market economy answers the three economic questions by allocating resources and goods through markets where prices are generated. In its purest form, a command economy answers the three economic questions by making allocation decisions centrally by the government.