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inna [77]
3 years ago
10

Lucy has been the sole shareholder of a calendar year S corporation since 1980. At the end of 2011, Lucy's stock basis is $23,50

0, and she receives a distribution of $25,000. Corporate level accounts are computed as follows.
AAA 7,000
PTI 11,000
Accumulated E&P 600
How much capital gain, if any, will Lucy have?
a. $600
b. $7,000
c. $6,400
d. $900
e. None of the above
Business
1 answer:
nikklg [1K]3 years ago
3 0

Answer: d. $900

Explanation:

Capital gain = Total distribution - AAA as this isn't taxed - Accumulated E&P - PTI which isn't taxed either - Stock basis

Stock basis = Stock basis - AAA - PTI

= 23,500 - 7,000 - 11,000

= $5,500

Capital Gain = 25,000 - 7,000 - 600 - 11,000 - 5,500

= $900

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Zinaida [17]

Answer:

shared standard

Explanation:

Teamwork refers to the collective approach towards the completion of a common goal. Methods and sources are agreed upon by each member of the team and the focus is relied on the achievement of the goal. Each individual works together and extend their efforts collectively. Shard standard refers to the level of acceptance on a particular point that each team member  agrees on. Merging at a certain point is very essential part of teamwork. Disagreement among the team members may cause the team work fall behind.

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Why are publicly traded corporations required to release financial reports on a regular basis?
sergiy2304 [10]

The correct answer is A.

In a corporation the shareholders are the owners. They are required to release the financial reports because they are entitled to transparency and need them in order to base their investment decisions on their contents.

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A nondiscriminating monopolist:
max2010maxim [7]

Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.

  • It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
  • In order to understand this situation, it is important to address the meaning of inelastic demand.
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  • This does not lead to profits for a monopolist.
  • It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
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Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.

Learn more about Demand Elasticity here:

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3 0
2 years ago
Hank wanted to make
marissa [1.9K]

Explanation:

Based on the given conditions, formulate;

75000- 60000= 15000

7 0
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The channels through which advertising is carried to prospective customers are advertising: Group of answer choices conduits med
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The channels through which advertising is carried to prospective customers are advertising is: advertising media.

<h3>What is advertising?</h3>

Advertising can be defined as the way of creating product awareness so as to generate sales.

Hence, Advertising media tend to play an important function when it comes to creating product or brand awareness based on the fact advertising media is a channels through which advertising is carried to prospective customers.

The complete question is:

The channels through which advertising is carried to prospective customers; includes newspapers, magazines, radio, television, outdoor advertising, direct mail, social media, and the internet.

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