Mathematics, 17.11.2020 03:40 AndiLizzi
Tanya acquired 1,000 shares of stock in Swan Corporation seven years ago for $100 a share. In the current year, Swan Corporation redeems half of her shares for $160,000. Assume Tanya has no other transactions this year involving capital assets.
If this is a non-qualifying redemption, which of the following is correct after the redemption?
a Tonya reports dividend income of $160,000; Tonya has the same total basis in her stock and her basis per share remains $100 each.
b Tonya reports dividend income of $160,000; Tonya has the same total basis in her stock but her basis per share is $200 each.
c Tonya reports capital gain income of $110,000; Tonya has the same total basis in her stock and her basis per share remains $100 each.
d Tonya reports capital gain income of $110,000; Tonya has remaining basis of $50,000 and her per share basis remains $100 each
Answers: 3
Mathematics, 21.06.2019 21:00, ImmortalEnigmaYT
Sue's average score for three bowling games was 162. in the second game, sue scored 10 less than in the first game. in the third game, she scored 13 less than in the second game. what was her score in the first game?
Answers: 2
Mathematics, 22.06.2019 02:00, SoccerHalo
Milk and ice cream are mixed together for a recipe. the total volume of the mixture is 1 cup. if the milk contains 2% fat, the cream contains 18% fat ,and the mixture contains 6% fat ,how much cream is in the mixture
Answers: 1
Tanya acquired 1,000 shares of stock in Swan Corporation seven years ago for $100 a share. In the cu...
Advanced Placement (AP), 05.11.2021 01:30
Social Studies, 05.11.2021 01:30
Mathematics, 05.11.2021 01:30