A company's net income for 2020 is $50,000. It has 2,000 stock options outstanding. These options were issued during 2019, each exercisable for one share at $37. None has been exercised. 40,000 shares of common were outstanding during 2020. Suppose the average market price of the company’s stock during 2020 can be 44, 46, 27, or 54. For which average market price will these stock options be antidilutive? Please enter one (and only one) of the average market prices provided by the problem.

A company's net income for 2020 is $50,000. It has 2,000 stock options outstanding. These options were issued during 2019, each exercisable for one share at $37. None has been exercised. 40,000 shares of common were outstanding during 2020. Suppose the average market price of the company’s stock during 2020 can be 44, 46, 27, or 54. For which average market price will these stock options be antidilutive? Please enter one (and only one) of the average market prices provided by the problem.

• For 2020, Heidi, who is single has properly determined that her taxable income is $81,800, including $1,200 of unrecaptured § 1250 gain and $5,000 of 0%/15%/20% gain. Compute Heidi's tax liability (hint use capital gain table)
• Mort owns 500 shares of Pear, Inc. stock with an adjusted basis of $22,000. On July 28, 2020, he sells 100 shares for $3,000. On August 16, 2020, he purchases another 100 shares for $3,400. What are the tax consequences of these transactions?

1. Interpret the tables trend for revenue, expense & dividend year by year comparing both company?

1. During 2020, Waldo Inc. sold 10 acres of prime commercial zoned land to a builder for $5,000,000. The builder gave Waldo a $1,000,000 down payment and will pay the remaining balance of $4,000,000 to Waldo in 202 Waldo purchased the land in 2011 for $2,000,000. Using the installment method, how much profit will Waldo report for 2020?

1. $600,000
2. $1,000,000
3. $3,000,000

2. Using the same information as in the preceding question, how much profit will Waldo report for 2020 using the cost recovery method?

1. None
2. $600,000
3. $1000,000

Below is the income statement for Red Storm Cleaners for the year ended December 31, 2020. During 2020, dividends paid by Red Storm Cleaners were $1,100.  Write down the closing entries for Red Storm Cleaners.

The reported net incomes for the first 2 years of Splish Products, Inc., were as follows: 2020, $147,800; 2021, $202,000. Early in 2022, the following errors were discovered.

Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (Ignore income tax considerations.)

3. Y received stock as a gift from her father in 2019. Her father purchased the stock several years ago of $30,000. The stock was worth $20,000 at the time the gift was received. Y sold the stock for $18,000 in 2020.

How much gain or loss, if any, should Y report on her 2020 tax return?

Assume the same facts as above, except that Y sold the stock for $25,000. How much gain or loss, if any, should Y report on her 2020 tax return?

Think up a company you would like to start.   Then, choose an organizational type.   Assume the company will start on January 1st, 2020.   Create 10 transactions for the year 2020.   Please make sure you use entries which affect equity, revenue, expenses, assets and liabilities.   You can draw the "T" accounts or you can describe the affect of the transactions on the financial statement. Then, show the income statement, the balance sheet and the statement of equity for the year ending 12/31/2020.  

Any company or organization is fine!

Bond H, described in the table below, is sold for settlement on 20 April 2020.

What is the full price (per 100 of par value) that Bond H will settle at on 20 April 2020? Round your answer to three decimal places.

Bond H, described in the table below, is sold for settlement on 20 April 2020.

What is the amount of accrued interest for Bond H on the settlement date of 20 April 2020? Round your answer to three decimal places.

Bond H, described in the table below, is sold for settlement on 20 April 2020.

What is the flat price for Bond H on the settlement date of 20 April 2020? Round your answer to three decimal places.