During the current year, Webster Corporation repurchased 2,000 shares of its $1 par common stock in the open market for $5,000. Webster later resold 1,000 of these treasury shares to new shareholders when the stock was selling for $4 per share. Webster will report a gain (loss) on its current-year tax return of?

Webster would not receive any gain.

Explanation:

The US internal revenue code Under Sec. 1032(a) states that no gain or loss shall be recognized to a corporation on the receipt of money or other property in exchange for stock (including treasury stock) of such corporation. No gain or loss shall be recognized by a corporation with respect to any lapse or acquisition of an option, or with respect to a securities futures contract to buy or sell its stock (including treasury stock).

Therefore, Webster would not receive any gain

answer; (a) calling people who have not shown interest in the product and asking them to buy it;