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3 years ago

You are given the following facts about a 40% owner of an S corporation, and you are asked to prepare her ending stock basis.

Business

1 answer:

barxatty [35]3 years ago

6 0

Answer:

$74,120

Explanation:

Preparation of her ending stock basis

ENDING STOCK BASIS:

Beginning stock basis $36,800

Add:Increase in AAA $12,800

(.40 * $32,000)

Add:Increase in OAA $2,520

(.40 * $6,300)

Add:Stock purchase $22,000

Total Ending stock basis $74,120

Therefore her ending stock basis is $74,120

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What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in

Dominik [7]

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3 years ago

PrintItem 4Item 4 On November 8, 2018, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and

IRISSAK [1]

Answer: When Wood Co. sells the land to a third party.

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Power Corp. owns the entirety of Woods Co. and therefore during a consolidated financial statement reporting, the profit made by Power Corp. from the sale of the land must be recorded when the land is purchased from Woods Co. by a third party.

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3 years ago

Razor Inc. manufactures industrial components. One of its products used as a subcomponent in auto manufacturing is Fluoro2211. T

Neko [114]

Answer:

Total contribution margin= $1,884,180

Explanation:

Giving the following information:

Direct Materials 150

Direct Labor 28

Variable Manufacturing Overhead 25

Variable Selling 16

Sales in units= 10,130

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Direct material cost= 150*1.1= $165

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Unitary contribution margin= selling price - total unitary variable cost

Unitary contribution margin= 420 - (28 + 25 + 16 + 165)

Unitary contribution margin= $186

Now, the total contribution margin:

Total contribution margin= 10,130*186

Total contribution margin= $1,884,180

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3 years ago

When an organization expands into a totally new line of business, it is implementing a strategy of:?

Pachacha [2.7K]

Unrelated diversification

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3 years ago