Answer:
$20,000
Explanation:
J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020 is as follows:
Allocated ordinary share income from Clampett, Inc. = $10,000
Add: Capital gain from distribution in excess of basis:
Distributed portion = $ 50,000
Less: J.D.'s basis in Clampett = $(30,000)
Less: Ordinary income from the
allocation of distributive share<u>= $(10,000) </u>
Capital gain <u> = $10,000</u>
= <u>$20,000</u>
Answer: $76900
Explanation:
The following information can be deduced from the question:
Accounts receivable = $1,865,000
Allowance for doubtful debts = $35000
Estimated bad debt = 6% × $1,865,000 = $111900
The amount of bad debt expense that the company will record will be:
= Estimated bad debt - Allowance for doubtful debts
= $111900 - $35000
= $76900
Answer: Delegating
Explanation:
Delegation is a concept of a managerial leadership which involves the transfer and directing of specific and explicit duties or activities on what needs to be accomplished and how it should be carried out usually by an experienced manager to his or her subordinates especially for the outcome of work which he or she is accountable for.
Here, Ellen is always scheduling, directing and gives explicit standard of performance shows she is high on Delegating duties.
Answer: II. stabilization of new issues
III. registration of exchanges
IV. registration of broker-dealers
Explanation:
The Securities Exchange Act of 1934 was put in place in order to be in charge of security trading.
From the options, those that are covered under the Securities Exchange Act of 1934 include the stabilization of new issues, the registration of exchanges and the registration of broker/dealers.
It should be noted that the Securities Exchange Act of 1934 does not cover the registration of new issues.