subject
Business, 05.03.2020 23:38 zahid79

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 $55. One right is issued for every share of stock owned. Thomas owns 100 shares of stock purchased 10 years ago for $2,800. At the time of the distribution of the rights, the market value of the common stock is $83 per share and the market value of the rights is $11 per right. Thomas receives 100 rights. On September 30, he exercises 75 of the rights and sells the remaining 25 rights for $13 per right. If required, round your answers to two decimal places. If Nexsen does not allocate his original stock basis to the rights, his basis of the new stock is $ . The holding period of the new stock begins on the date . The sale of the rights produces capital gain of $

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:00
Keshawn used to work for an it company in baltimore, but lost his job when his company decided to use workers in new delhi instead. this is an example of:
Answers: 1
question
Business, 22.06.2019 04:30
Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that yearโ€™s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwayscโ€™s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.
Answers: 3
question
Business, 22.06.2019 04:40
Who has summer school : ( because i do : (
Answers: 1
question
Business, 22.06.2019 12:00
In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
Answers: 2
You know the right answer?
A corporation with common stock outstanding declares a nontaxable dividend payable in rights to subs...
Questions
question
Arts, 05.05.2020 16:27
question
Mathematics, 05.05.2020 16:27
question
Mathematics, 05.05.2020 16:27
Questions on the website: 13722367