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sashaice [31]
3 years ago
11

An acrostic poem describing the word peculiar

Business
1 answer:
castortr0y [4]3 years ago
6 0
Huh?? What are you taking abouttttt LOL
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Problem 5-24 (Algorithmic) (LO. 1, 4) At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumula
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Answer:

Explanation:

Pam and Jon's dividend income of $134,500 each [($185,000 Accumulated E&P + $111,000 current E&P) / 2],

Statement of distribution for shareholders for tax purpose :-

                                  Pam      Jon

Total distribution $185,000 $185,000

less: Dividend income $134,500 $134,500

<em>                                      $50,500 $50,500</em>

less : Stock basis $25,900 $103,600

Capital gain          $24,600 $0

Pam has a taxable gain of $24,600 which reduces the stock basis to $0, whereas Jon has not any taxable gain but the stock basis has reduced to $53,100 [$103,600- $50,500]

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3 years ago
A company's inventory records report the following:
AlexFokin [52]

Answer:

Closing value of inventory = $357 for 21 units

Explanation:

As for the provided information we have,

Under FIFO method we know,

FIFO means First In First Out, under this the goods bought at earliest are sold earliest.

That means first opening inventory is sold, then the inventory purchased at the earliest.

Now we have,

Opening Inventory = 27 units @ $17 = $459

Purchases:

Aug 5              22 units @ $16 = $352

Aug 12             26 units @ $17 = $442

Provided 54 units are sold on Aug 15, that means, opening inventory of 27 units, 22 units bought on Aug 5, and 54 - 27 - 22 = 5 units from purchases on Aug 12.

Therefore, after sale units left = 26 - 5 = 21 units

Thus, closing value of inventory = $357 for 21 units

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How many kalamata olives come on a whole salad? Enter the exact number.
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