Julio inc. is a shareholder of gray corporation and is subject to a 21% tax rate. it acquired 2,000 shares of stock in gray corporation seven years ago at a cost of $50 per share. in the current year, julio, inc. received a payment of $150,000 from gray corporation in exchange for 1,000 of its shares in gray. gray has e & p of $1,000,000.assume that julio inc. has no capital losses. if the stock ownership in gray corporation represented a 25% interest, what income tax liability would julio incur on the $150,000 payment in each of the following situations? click here to access the dividends received deduction exhibit. a. if the payment qualifies for stock redemption sale or exchange treatment, the tax liability for a corporate shareholder would be $. if the payment does not qualify for stock redemption sale or exchange treatment, the tax liability for a corporate shareholder would be $

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

What do u want to be when u grow up