Business, 07.03.2020 00:37 azibur3191
Viking Corporation is owned equally by Sven and his wife Olga, each of whom hold 100 shares in the company. Viking redeemed 75 shares of Sven's stock in the company on December 31, year 1. Viking paid Sven $2,000 per share. His income tax basis in each share is $1,000. Viking has total E&P (current plus accumulated) of $500,000. What are the tax consequences to Sven as a result of the stock redemption? A) $75,000 capital gain and a tax basis in each of his remaining shares of $2,000. B) $150,000 dividend and a tax basis in each of his remaining shares of $4,000. C) $150,000 dividend and a tax basis in each of his remaining shares of $1,000. D) $75,000 capital gain and a tax basis in each of his remaining shares of $1,000.
Answers: 3
Business, 21.06.2019 20:20
The 2016 financial statements of the new york times company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the new york times company of $29,068 thousand, and average net operating assets of $354,414 thousand. the company's return on net operating assets (rnoa) for the year is: select one: a. 3.5% b. 6.9% c. 13.6% d. 18.7% e. there is not enough information to calculate the ratio.
Answers: 1
Business, 21.06.2019 20:30
Which of the following government agencies is responsible for managing the money supply in the united states? a. the u.s. mint b. the federal reserve bank c. congress d. the department of the treasury 2b2t
Answers: 3
Business, 22.06.2019 09:00
Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit
Answers: 1
Business, 22.06.2019 09:40
You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.
Answers: 3
Viking Corporation is owned equally by Sven and his wife Olga, each of whom hold 100 shares in the c...
History, 18.07.2019 06:30
Mathematics, 18.07.2019 06:30
History, 18.07.2019 06:30
Mathematics, 18.07.2019 06:30
Mathematics, 18.07.2019 06:30
Chemistry, 18.07.2019 06:30
Mathematics, 18.07.2019 06:30
Mathematics, 18.07.2019 06:30
Mathematics, 18.07.2019 06:30
History, 18.07.2019 06:30
English, 18.07.2019 06:30