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Aleks04 [339]
3 years ago
13

Julio is in the 32% tax bracket. He acquired 9,000 shares of stock in Gray Corporation seven years ago at a cost of $20 per shar

e. In the current year, Julio received a payment of $135,000 from Gray Corporation in exchange for 4,500 of his shares in Gray. Gray has E & P of $1,000,000. What income tax liabil-ity would Julio incur on the $150,000 payment in each of the following situations? Assume that Julio has no capital losses.
a. The stock redemption qualifies for sale or exchange treatment.
b. The stock redemption does not qualify for sale or exchange treatment.
c. How would your answer to parts (a) and (b) of Problem 49 differ if Julio were a corporate shareholder rather than an individual shareholder and the stock ownership in Gray Corporation represented a 25% interest?
Business
1 answer:
xxMikexx [17]3 years ago
4 0

Answer:

example below

Explanation:

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Which of the following events would cause a rightward shift of the AD curvea rightward shift of the AD curve​, other things bein
Karolina [17]

Answer: C. There has been a decline in the foreign exchange value of the nation’s currency.

Explanation:

The Demand curve of a country can be written as an equation which is

C+I+G+(X-M)

C is consumption, I is investment, G is government expenditure, X is exports, M is imports and X-M is net exports.

When ever consumption, investment, government expenditure or net exports increase the demand curve shifts to the right and whenever they decrease the demand curve shifts to the left.

In this case when the value of the currency foreign exchange declines, the country reduce its imports because they are now more expensive as your currency's value is declining and the exports will increase because they will now be cheaper to foreign buyers as their currency is now gotten stronger. This decrease in imports and increase in exports will  increase net exports and an increase in net exports will shift the demand curve to the right

8 0
3 years ago
4. If your checking account's balance is
levacccp [35]
A. $2164.89
Basically just subtract, 3,678.89-1514 = 2,164.89
6 0
3 years ago
Which of the following is true?
Deffense [45]

Which of the following is true?

b.

net cash flow + cash outflow = cash inflow

Total Cash Inflow is basically Cash Reciepts, Cash inflow from Sale of Assets and the like. Cash Outflow refers to Expenses paid, Assets purchased etc. Net Cash flow is basically the difference between Cash Inflow and Cash Outflow, It could be negative if outflow is more than inflow and positive if inflow is more than outflow.

Observing the above explanation, B Seems like the correct Option.

8 0
3 years ago
Read 2 more answers
A food product is pulled from the consumer market after preliminary testing, before data conclusively proves that it causes panc
raketka [301]

Answer:

The precautionary principle

Explanation:

7 0
3 years ago
Hilton's 2001 segment reporting note showed that Hotel Ownership has revenue of $1,886 million, operating income of $474 million
Roman55 [17]

Answer:

Option A is correct one.

<u>Managing & Franchising s asset turnover ratio at 17.6% suggests inefficiency when compared to Hotel Ownership</u>

Explanation:

The ratio of the operating return on sales for hotel ownership is:

474/1886 = 0.25

The asset turn-over for hotel ownership is :

1886/492.5 = 0.38 = 38%

Now, for managing and franchising :

The ratios are:

Operating return to sales = 113/ 120 = 0.94

Asset Turnover = 120/680 = 0.1765 = 17.65%.

6 0
3 years ago
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