subject
Business, 07.04.2020 01:42 destineedeal1

A taxpayer owned 1,000 shares of common stock in Barlo Corporation, which manufactures automobile parts. The taxpayer’s cost basis in the stock was $82,700. Last week, Barlo declared bankruptcy, and its board of directors issued a news release that Barlo common stock should be considered worthless. Determine the character of the S82,700 loss if the taxpayer is

a. An individual who purchased the stock as an investment.
b. A corporation that purchased the stock as an investment.
c. Barlo's parent corporation that owned 96 percent of Barlo's outstanding common stock.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 19:00
Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.
Answers: 3
question
Business, 22.06.2019 19:10
You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.
Answers: 2
question
Business, 23.06.2019 00:40
An upper-middle-class manager tends to have hostile relationship with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. in this example, the manager exhibits: question 14 options: 1) class consciousness. 2) cultural awareness. 3) social mobility. 4) group orientation.
Answers: 3
question
Business, 23.06.2019 01:00
Motonous corporation has completed its fiscal year and reported the following information. the company had current assets of $153,413, net fixed assets of $ 412,331, and other assets of $7,822. the firm also has current liabilities worth $65,314, long-term debt of $178,334, and common stock of $162,000. how much retained earnings does the firm have?
Answers: 2
You know the right answer?
A taxpayer owned 1,000 shares of common stock in Barlo Corporation, which manufactures automobile pa...
Questions
question
Mathematics, 31.08.2021 08:40
question
Mathematics, 31.08.2021 08:40
question
Mathematics, 31.08.2021 08:40
question
Health, 31.08.2021 08:40
question
Mathematics, 31.08.2021 08:40
question
English, 31.08.2021 08:40
Questions on the website: 13722367