Business, 30.03.2020 18:58, alayjared12374
sole shareholder of Condor Corporation. She sold her stock to Melis the Glenda is Glenda's basis in Condor stock was $50,000 at the start of the year. Con s basis in Condor stock was $50,000 on. She sold her stock to Melissa. on October 31 for $150,000 at the start of the year. Condor distributed land to Glenda immediately before the sale. Condor's basis in the land Condor's basis in the land was $20,000 (fair market value of $25,000), On December 31, Melissa received a 375,000 cash distribution from Condor. During the year, Condor has $20,000 of current E & P and its accumulated E balance on January I is $10,000. Which of the following statements is true? a. Glenda recognizes a $110,000 gain on the sale of her stock b. Glenda recognizes a $100,000 gain on the sale of her stock c. Melissa receives $5,000 of dividend income. d. Glenda receives $20,000 of dividend income. e. None of the above
Answers: 3
Business, 22.06.2019 17:50, nuggetslices
On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?
Answers: 2
Business, 23.06.2019 01:30, Joshuafranklindude
Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.
Answers: 1
Business, 23.06.2019 08:30, gabe7774
1. using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables. which reporting makes moss look better? 2. under what condition would the reclassification of the receivables be ethical? 3. unethical?
Answers: 1
Business, 23.06.2019 10:30, csciahetano
According to the graph, how much did individuals making $20,000 to $50,000 a year pay in income taxes? according to the graph, how much revenue did the government receive from individuals earning $200,000 and above?
Answers: 1
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