1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jarptica [38.1K]
3 years ago
10

Logan, an employee of Argon Industries, earned a salary of $60,000 in year 2. In addition, the following two transactions betwee

n Logan and Argon occurred in year 2: Logan received a bonus of 100 shares of publicly traded stock worth $13,000 with a basis to Argon of $8,000, and Logan purchased 1,000 shares of unrestricted Argon stock pursuant to a nonqualifying stock option plan for $10 per share when stock was valued at $25 per share. What amount of compensation should Argon report in Logan's Form W-2 for year 2
Business
1 answer:
Mariana [72]3 years ago
8 0

Answer:

$88,000

Explanation:

Calculation to determine What amount of compensation should Argon report in Logan's Form W-2 for year 2

First step is to determine the bargain element

Bargain Element=$25 per share-$10per share

Bargain Element=$15 per share

Now let determine the amount of compensation

Using this formula

Compensation=Salary earned+Taded stock+(Shares of publicly traded stock*Bargain element)

Let plug in the formula

Compensation=$60,000+$13,000+($100 shares*$15 per share)

Compensation=$60,000+$13,000+$15,000

Compensation=$88,000

Therefore the amount of compensation that Argon should report in Logan's Form W-2 for year 2 $88,000

You might be interested in
A letter provided by the tenant to the landlord, which assures that their lease is binding, accurate, and being paid upon, is kn
olga_2 [115]

A letter provided by the tenant to the landlord, which assures that their lease is binding, accurate, and being paid upon, is known as an estoppel letter.

Letters have long been an essential supply of biographical information, and an effective device for historians of all kinds. They permit the reader to peek backstage and might offer a feel of intimate expertise of historic subjects, even supposing this intimacy is borrowed or stolen.

Informal letters are non-public letters that might be written to allow your buddies or own circle of relatives to realize approximately what goes on in your lifestyle and to bring your regards. A casual letter is typically written to an own circle of relatives member, a near acquaintance, or a friend. The language utilized in a casual letter is informal and non-public.

A letter is stated to be casual while it's far written in a pleasant way, to a person you're acquainted with. Formal letters are written for reputable or expert communication. On the opposite hand, casual letters are used for informal or non-public communication. There is a way prescribed for writing formal letters.

Learn more about the letter here brainly.com/question/9425444

#SPJ4

7 0
8 months ago
Why don't many developing countries benefit from the spread of free trade?
Annette [7]
My best guess is A because they maintain high tariffs on the agriculture custom many developing countries export.
3 0
2 years ago
Read 2 more answers
In the sales comparison approach, how is the appropriate unit of comparison chosen?
kirill115 [55]

Answer:

c. It depends on the appraisal problem. The appraiser should apply all appropriate units of comparison, explain differences in wide variation in the results, and choose the most reliable unit.

Explanation:

The three (3) main methods used for the valuation or appraisal of real-estate properties are;

I. Income approach.

II. Cost approach.

III. Sales comparison approach.

A sales comparison approach can be defined as a real-estate appraisal technique that is typically based on comparing a property to other recently sold real-estate properties with similar characteristics. Thus, this appraisal method or technique requires that the real-estate property being appraised should be in current use and fall within the same area or locality as the other recently sold real-estate properties.

In the sales comparison approach, the appraised property should mimic the market behavior of other real-estate properties sold recently.

5 0
2 years ago
What can be a benefit of using interviews to select employees to hire
sashaice [31]

Answer:

To make sure they have experience and know what they are doing

8 0
3 years ago
Which one of the following is the most likely reason why a stock price might not react at all on the day that new information re
Vaselesa [24]

Answer:The information was expected is the most likely reason why a stock price might not react at all on the day that new information related to the stock’s issuer is released. Assuming the market is semi strong form efficient.

<u>Explanation:</u>

The major reason that the stock price might not react to the information related to that stock was the expectancy of information in advance. It was a piece of expected information. When something is expected then our response towards it does not bring much change.

Similarly, when it is already expected to get some information related to the stock, on receiving that information the stock price does not react. It means it might neither fall nor rise.

5 0
2 years ago
Other questions:
  • On January 1, 2018, Byner Company purchased a used tractor Byner paid $3,000 down and signed a noninterest-bearing note requirin
    6·1 answer
  • When using a(n) ____, is personnel time is freed up to focus on applications, such as customer relationship management and finan
    15·1 answer
  • What impedes firms from achieving the optimal dispersion of their productive activities to locations around the globe? A) transp
    12·1 answer
  • During the announcement of the merger between Body Metal and​ Shimmer, the two CEOs neglected to mention that to avoid​ duplicat
    12·1 answer
  • Accounting: A. measures business activities. B. is often called the language of business. C. processes data into reports and com
    6·1 answer
  • Marginal cost ______(A) Is the change in total output from hiring one more factor of production.(B) Is the change in total cost
    9·1 answer
  • Which of the following would be a good indication that an applicant might be
    9·1 answer
  • You buy a seven-year bond that has a 5.25% current yield and a 5.25% coupon (paid annually). In one year, promised yields to mat
    5·1 answer
  • James is a family practitioner who graduated at the top of his class in medical school. He has run a successful practice for alm
    10·2 answers
  • When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!