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
kifflom [539]
3 years ago
8

Corporation M has $40,000 of current earnings and profits and $10,000 of accumulated earnings and profit. During the year Corpor

ation M distributes $60,000 to is only shareholder – N. Before the distribution, N has basis in their stock of $100,000. What amount of capital gain income will N recognize related to this distribution?
Business
1 answer:
zzz [600]3 years ago
6 0

Answer:

$40,000

Explanation:

Calculation to determine What amount of capital gain income will N recognize related to this distribution

Using this formula

N Capital gain income=N stock basis- M distribution

Let plug in the formula

N Capital gain income=$100,000-$60,000

N Capital gain income=$40,000

Therefore The amount of capital gain income that N will recognize related to this distribution is $40,000

You might be interested in
Road Hazards has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bon
Alexeev081 [22]

Answer:

At par

Explanation:

From the question we are informed about Road Hazards with has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bondholders. In this case these direct payments are a clear indication that the bonds can accurately be defined as being issued at par. A par bond can be regarded as bond that is been sold at the exact face value, most mind sells at the face value of $1000, that $1000 is the face value, any par bond usually give an investor a yield which matches the amount of coupon that is associated to the bond.

.

7 0
3 years ago
Aneko is a media buyer with simantel, an advertising agency. Aneko typically purchases radio and television commercial time slot
Tema [17]

If Aneko typically purchases radio and television commercial time slots for local customers.  These commercials are examples of <u>measured </u>media.

<h3>What is Measured Media?</h3>

Measured media is a media that comprises of the following:

  • Newspaper
  • Publishing
  • Radio broadcast
  • Television broadcast

Measured media is important as it enables business owners to know the best media platform to choose when it comes to advertising their product.

Therefore these commercials are examples of <u>measured </u>media.

Leatn more about measured media here:brainly.com/question/24018854

7 0
3 years ago
One of two office clerks in a small company prepares a sales invoice for $4,300; however, the invoice is incorrectly entered by
KIM [24]

Answer: <u><em>C. Using predetermined totals to control posting routines.</em></u>

Explanation:  A regulation total if developed for the agreement to be posted, then it should be set side by side with total of items posted to personal accounts. Therefore, The most adequate way to avert this kind of error is by applying predetermined totals to control stating the daily cycle.

<u><em>Therefore, the correct option in this case is (c)</em></u>

4 0
3 years ago
Kuong Inc. sold a commercial office building used in the corporate business for $1.5 million. Kuong purchased the building in 20
mars1129 [50]

Answer: $107,600 ordinary gain and $530,400 Section 1231 gain

Explanation:

Section 1231 property is when a business property that's either real or depreciable is held for more than one year. It should be noted that section 1231 gain which arises when the property is sold will be taxed at lower capital gains tax rate which is versus the ordinary income rate.

Therefore, Kuong should characterize the $638,000 gain recognized on sale as $107,600 ordinary gain and $530,400 Section 1231 gain.

The correct option is C.

7 0
3 years ago
Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.
Viefleur [7K]

Answer:

'Government Expenditure' not 'Government' is a component of GD[

Explanation:

GDP is the total value of goods & services produced in an economy during an year.

As per Expenditure method :

  • It is calculated as 'expenditure' done by all sectors of economy as "<em>one person expenditure is other person income</em>". 
  • 4 sectors are : households , firms, government ,rest of the world.
  • Their respective demand expenditures are : Private Final Consumption Expenditure , Government Final Consumption Expenditure, Investment (Gross domestic Capital Formation) , Net Exports.

4 0
3 years ago
Other questions:
  • An increase in common stock would be reflected in the statement of stockholders' equity. Select one: True False
    14·1 answer
  • Time lags associated with policy decision making and implementation suggest that______.a.increases in spending to fight a recess
    7·1 answer
  • Which of the following statements is FALSE? A. Individual investors should be involved in choosing a mutual fund because they kn
    12·1 answer
  • In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial acco
    9·1 answer
  • Describe a real or made up but realistic example of earned income that you or someone you know has received. What type of work w
    15·1 answer
  • The amount of oil that is economically feasible to extract from a deposit using current technology is known as ______ oil reserv
    9·1 answer
  • Who's good a economics?
    11·1 answer
  • 1. What does it mean to set up an “automatic deposit” and why is this a good savings strategy?
    7·1 answer
  • Examples of productivity in economics.
    14·1 answer
  • Inflation: group of answer choices is a continuous decrease in the price level. can obscure relative price changes. always makes
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!