Question
In: Accounting
In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
In each of the following situations complete the blanks
|
Distribution (cash) |
S/H Basis in Stock |
Corporate E&P |
Dividend |
Return of Capital |
Capital Gain |
|
100,000 |
20,000 |
500,000 |
|||
|
100,000 |
500,000 |
20,000 |
|||
|
600,000 |
20,000 |
500,000 |
|||
|
600,000 |
500,000 |
20,000 |
|||
|
100,000 |
800,000 |
500,000 |
|||
|
100,000 |
800,000 |
20,000 |
|||
|
600,000 |
800,000 |
500,000 |
XYZ Corporation has one shareholder. The shareholder’s tax basis in his shares is $100,000. Corporate E&P BEFORE the effects of any distribution is $100,000. The corporation distributes the following property in INDEPENDENT situations. Explain the tax effect to the corporation and to the sole shareholder.
First, the corporation distributes land with a FMV of $200,000 and a tax basis to the corporation of $100,000.
Second, the corporation distributes land with a FMV of $100,000 and a tax basis to the corporation of $200,000.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
In each of the following situations complete the blanks
Distribution (cash)
S/H Basis in Stock
Corporate E&P
Dividend
Return of Capital
Capital Gain
50,000
20,000
500,000
200,000
50,000
20,000
100,000
20,000
300,000
130,000
500,000
20,000
130,000
500,000
500,000
700,000
800,000
20,000
20,000
800,000
500,000
XYZ Corporation has one shareholder. The shareholder’s tax basis
in his shares is $60,000. Corporate E&P BEFORE the effects of
any distribution is $10,000. The corporation distributes the
following property. Explain the tax effect to the...
In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
In each of the following situations complete the blanks
Distribution (cash)
S/H Basis in Stock
Corporate E&P
Dividend
Return of Capital
Capital Gain
50,000
20,000
500,000
200,000
50,000
20,000
100,000
20,000
300,000
130,000
500,000
20,000
130,000
500,000
500,000
700,000
800,000
20,000
20,000
800,000
500,000
In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
In each of the following situations complete the blanks
Distribution (cash)
S/H Basis in Stock
Corporate E&P
Dividend
Return of Capital
Capital Gain
100,000
20,000
500,000
100,000
500,000
20,000
600,000
20,000
500,000
600,000
500,000
20,000
100,000
800,000
500,000
100,000
800,000
20,000
600,000
800,000
500,000
XYZ Corporation has one shareholder. The shareholder’s tax basis
in his shares is $100,000. Corporate E&P BEFORE the effects of
any distribution is $100,000. The corporation distributes the
following property in INDEPENDENT situations. Explain the tax...
Problem: Consider each of the following situations independently. Fill in the blanks with the appropriate information....
Problem: Consider each of the following situations
independently. Fill in the blanks with the appropriate
information.
1.
selling price per unit
Variable cost percentage
number of units sold
total contribution margin
Total fixed costs
Net Income (Loss)
$90.00
20,000
$750,000
($30,000)
2.
Number of Units sold
Total Variable Cost
Variable Cost percentage
Total Contribution Margin
Total Fixed Costs
Net Income (Loss)
1,800
30%
$756,000
$54,000
3.
Selling Price per unit
Total Sales
Number of Units Sold
Variable Cost per unit...
Elmo Inc.'s stock is currently selling at $60.26 per share. For each of the following situations...
Elmo Inc.'s stock is currently selling at $60.26 per share. For
each of the following situations (ignoring brokerage
commissions), calculate the gain or loss that Courtney Schinke
realizes if she makes a 100-share transaction. (Enter all losses
as negative numbers.)
a. She sells short and repurchases the borrowed shares at $68.01
per share.
b. She takes a long position and sells the stock at $75.21 per
share.
c. She sells short and repurchases the borrowed shares at $42.35
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The following partial information is available. Complete the table by filling in all the blanks. Each...
The following partial information is available. Complete the
table by filling in all the blanks. Each case is independent.
Variable
Fixed
Total
Operating
Contribution
Case
Revenues
Costs
Costs
Costs
Income
Margin Percentage
a.
$4,000
_
$500
_
$1,460
_
%
b.
_
7,400
_
8,700
9,800
_
%
c.
10,600
_
3,200
_
_
30
%
d.
9,450
_
2,500
8,170
_
_
%
(Round the contribution margin percentage to the nearest whole
percent. Use parentheses or a minus sign...
For each of the following situations, describe the effect on blood pressure and the physiological basis...
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blood pressure and the physiological basis of the response: A).
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Fill-In-The-Blanks 13. Complete the code by filling in the blanks for each question below. (Length of...
Fill-In-The-Blanks 13. Complete the code by filling in the
blanks for each question below. (Length of blank doesn’t
matter.)
a) Print out the contents of the array airlines. #include
#include ________________ using namespace std; int main () { string
airlines[] = {"american","pan-am","southwest"}; for (int i =
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return 0; }
b) Read in 5 integers from the user and write them back out in
reverse order int numbers[5]; for(int i = 0; ___________;
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Order the following bonds according to polarity: H-H; S-H; F-H; O-H; Cl-H For each of the...
Order the following bonds according to polarity: H-H; S-H; F-H;
O-H; Cl-H
For each of the following molecules show the direction of the
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