A corporation with common stock outstanding declares a nontaxable dividend payable in rights to subscribe to common stock on June 30 of the current year. Each right entitles the holder to purchase one share of stock for $80. One right is issued for every share of stock owned Thomas owns 100 shares of stock purchased ten years ago for $4,000. At the time of the distribution of the rights, the market value of the common stock is $120 per share, and the market value of the rights is $16 per right. Thomas receives 100 rights. On September 30, he exercises 75 of the rights and sells the remaining 25 rights for $19 per right. If required, round your answers to two decimal places. a. If Thomas does not allocate his original stock basis to the rights, his basis of the new stock is b. The holding period of the new stock begins on the date the new stock was purchased c. The sale of the rights produces long-termcapital gain of 3,000 X 550 X ▼ Check My Work The rules for determining taxability of stock rights are identical to those for determining taxability of stock dividends.

Which of the following actions is most likely to result in a decrease in the money supply? a. the required reserve ratio for banks is decreased. b. the discount rate on overnight loans is lowered. c. the federal reserve bank buys treasury bonds. d. the government sells a new batch of treasury bonds. 2b2t

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)