At the beginning of the current (non-leap) year, douglass owns all of pearl's outstanding stock. his basis in the stock is $84,000. on july 1, he sells all his stock to adam for $140,000. during the year, pearl, a calendar year taxpayer, makes two cashdistributions: $50,000 on march 1 to douglass and $90,000 on september 1 to adam.

(a) current e& p of $46,000; accumulated e& p of $28,000.
(b) current e& p of $88,000; accumulated e& p (deficit) of $(52,000).
(c) current e& p (deficit) of $(38,000); accumulated e& p of $106,000.

what are the amount and character of luis gain on his sale os stock to john?

Titus manufacturing, inc. provided the following information for the year: purchases - direct materials $91,000 plant utilities and insurance 68,000 indirect materials 11,170 indirect labor 4270 direct materials used in production 99,000 direct labor 117,500 depreciation on factory plant & equipment 4000the inventory account balances as of january 1 are given below. direct materials $44,000 work-in-progress inventory 10,000 finished goods inventory 50,000what is the ending balance in the direct materials account? $135,000 $36,000 $110,170 $6000

Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld