On June 27, 2021, Cr Inc. distributed to its common shareholders 400,000 outstanding common shares of its investment in Cl Company. The book value on Cr's books of Cl's $1 par common stock was $2.00 per share. Immediately after the distribution, the market price of Cl's stock was $2.75 per share. In its income statement for the year ended June 30, 2023, what amount should Cl report as gain or loss on disposal of the stock (ignore taxes)?

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste

If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100 and vice-versa, what is the absolute value of the own price elasticity at a price of $7? note that the question is about the price point of $7, and not $5.

Which type of tax is imposed on specific goods and services at the time of purchase? question 12 options: estate excise general sales value-added