Ten years ago, mr. p purchases stock for $1,000. last year, he received a return of capital of $800 and reduced the basis of his stock by that amount. this year, he received another return of capital that amounted to $300, which reduced the basis of his stock to zero. at no time did the corporation have earnings and profits. he would report the $100 that was in excess of his basis as:
Answers: 2
Another question on Business
Business, 22.06.2019 08:00
Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.
Answers: 1
Business, 22.06.2019 13:50
Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.
Answers: 2
Business, 22.06.2019 16:40
Job applications give employers uniform information for all employees,making it easier to
Answers: 1
Business, 22.06.2019 22:50
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage
Answers: 1
You know the right answer?
Ten years ago, mr. p purchases stock for $1,000. last year, he received a return of capital of $800...
Questions
Mathematics, 17.04.2020 05:12
Social Studies, 17.04.2020 05:12
History, 17.04.2020 05:12
Mathematics, 17.04.2020 05:13
Chemistry, 17.04.2020 05:13
Spanish, 17.04.2020 05:13
History, 17.04.2020 05:16
Mathematics, 17.04.2020 05:16
