Business, 06.05.2020 08:28 dbryrob9148

You are given the following facts about a solely owned S corporation. What is the shareholder's ending stock basis?

Increase in AAA $31,000
Increase in OAA 6,300
Payroll tax penalty 2,140
Beginning stock basis 39,800
Stock purchases 22,000
Tax-exempt life insurance proceeds 4,800
Life insurance premiums paid (nondeductible) 2,700

a.$61,800
b.$68,100
c.$99,100
d.$100,100

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:10, firdausmohammed80

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

Answers: 1

continue

Business, 22.06.2019 12:10, montgomerykarloxc24x

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

Answers: 3

continue

Business, 22.06.2019 12:30, sloane50

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)

Answers: 1

continue

Business, 22.06.2019 20:20, laidbackkiddo412

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.

Answers: 3

continue

You know the right answer?

You are given the following facts about a solely owned S corporation. What is the shareholder's endi...