I<span>n this problem, the market net worth of the stocks of Tangshan mining is $5,000,000 (100,000 shares x $50.00 per share). The stock split would not affect the price of the stock. This transaction would only affect the number of shares of the company. Since this is a 3-for-2 stock split, this is clearly a split </span>up.<span> Therefore, this transaction would increase the number of shares while reducing its price per share. The shares would become 150,000 shares now ({100,000 shares/2} x 3). To get the current price of the share, you just need to divide $5,000,000 by the new number of shares which </span>is<span> 150,000 shares. You would then get $33.33 per share.</span>
Answer:
For 2020 the maximum capital loss deductible from taxable income is $3,000 and this applies when capital losses exceed capital gains.
a. Net Gain = 8,900 - 15,000
= -$6,100
Their AGI will be;
= 206,200 - 3,000
= $203,200
b. Net Gain = 2,100 - 1,720
= $380
AGI;
= 206,200 + 380
= $206,580
c. Net Gain = - 5,000 - 4,800
= -$9,800
AGI;
= 206,200 - 3,000
= $203,200
d. Net Gain = 1,500 - 5,600
= -$4,100
AGI;
= 206,200 - 3,000
= $203,200
Answer:
Melinda may deduct is $30,000
Explanation:
given data
income = $80,000
limited partnership loss = $10,000
gross income = $80,000
loss = $30,000
solution
we know that here entire loss will be deducted
so as $10,000 loss is deducted form income from limited partnership
and balance is $20,000 from salary income
because she actively participates in the activity
so Melinda may deduct is $30,000
Answer:
$137,200; $103,600
Explanation:
In 2015:
Free cash flow:
= Net cash flow from operating activity - Capital expenditure
= $294,000 - (70% × $224,000)
= $294,000 - $156,800
= $137,200
In 2016:
Free cash flow:
= Net cash flow from operating activity - Capital expenditure
= $280,000 - (70% × $252,000)
= $280,000 - $176,400
= $103,600
Answer:
Assets increased by $60,000
Explanation:
Accounting information : Stockholders' Equity = Assets - Liabilities
Assets = Stockholders' Equity + Liabilities
$105,000 - $45,000 = $60,000
Assets increased by $60,000