Darryl, a cash basis taxpayer, gave 1,000 shares of copper company common stock to his daughter on september 29, 2011. copper company is a publicly held company that has declared a $1.00 per share dividend on september 30 every year for the last 20 years. just as darryl had expected, copper company declared a $1.00 per share dividend on september 30th, payable on october 15th, to stockholders of record as of october 10. the daughter received the $1,000 dividend on october 18, 2011. how does this information impact who must recognize the dividend as income?

darryl must recognize the $1,000 dividend as his income because he knew the dividend would be paid.

darryl must recognize $750 of the dividend because he owned the stock for three fourths of the year.

darryl must recognize the income of $1,000 because he constructively received the $1,000.

the daughter must recognize the income because she owned the stock when the dividend was declared and she received the $1,000.

none of the above

Spirula trading inc sublets a part of its offices building to jade inc. for a period of ten years . where will the company disclose this information?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)