In early year 8, Alice sold Tom, her son, 20 shares of common stock for $20,000. Alice had paid $25,000 for the stock in year 2. In late year 8, Tom sold the stock to an unrelated third party for $35,000. How much gain must Tom report in his year 8 tax return for the sale of the stock

Answers

Answer 1

Answer:

He must report 15,000 gain in his year 8 tax...........


Related Questions

In business-related systems, ________ is becoming increasingly important as text-based applications such as electronic mail, bulletin boards, and information services are more widely used. Group of answer choices

Answers

Answer:

A) Textual output

Explanation:

Text output is the common type of the graphic output that could be found within the client area. it is applied by  the applications in various ways

It can be worked for two things i.e. forming the text and in actual draw the text

In the given case the text based application like electronic mail, information service would be used so here the textual output should be choose for the same

All of the following could be included in a thank-you letter except
A. reiterating your interest in the position.
B. thanking the interviewer for choosing you.
c. thanking the interviewer for considering you.
D. highlighting what you learned in the interview.

Answers

The correct answer should be B

Thanking the interviewer for choosing you would not be appropriate as the final decision may not have been made at the time the thank-you letter is sent, and it can come across as presumptuous. Therefore, thanking the interviewer for choosing you should not be included in a thank-you letter. Thus, option B is correct.

What is thank-you?

A thank-you letter is a letter that you send to express your gratitude and appreciation for someone's time, help, or consideration. In the context of a job interview, a thank-you letter is usually sent to the interviewer(s) after the interview to thank them for their time and consideration and to reiterate your interest in the position.

Here are some things that you could include in a thank-you letter:

Start with a proper salutation, such as "Dear [Interviewer's Name],"

Express your gratitude for the interviewer's time and consideration.

Reiterate your interest in the position and highlight why you think you would be a good fit.

Reflect on what you learned from the interview and how you can contribute to the company.

If you forgot to mention something during the interview, you can include it in the thank-you letter.

End the letter by thanking the interviewer again and expressing your enthusiasm about the possibility of working with them.

Sign off with a professional closing, such as "Sincerely," or "Best regards," followed by your name.

Remember to proofread your letter carefully before sending it to avoid any spelling or grammatical errors.

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different between profession and professional human resources in points ​

Answers

Answer:

Explanation:

Hi

Only a fraction of people who are unsatisfied actually complain. True False

Answers

Answer:

True

Explanation:

Roster Co. adjusts its Allowance for Doubtful Accounts at year end. The general ledger balances for the Accounts Receivable and the related allowance account before adjustment were $1,500,000 and $45,000, respectively. Roaster estimates its necessary balance in its Allowance for Doubtful Accounts as 4% of the Accounts Receivable balance. What amount should Roaster record as an adjustment to its Allowance for Doubtful Accounts at year end

Answers

Answer:

"$15,000" is the appropriate answer.

Explanation:

Debts opening balance,

= $45,000

According to the question,

The allowance to be created for the doubtful accounts will be:

= [tex]1500000\times 4 \ percent[/tex]

= [tex]1500000\times 0.04[/tex]

= [tex]60,000[/tex] ($)

hence,

The balance amount to be created will be:

= [tex]60000-45000[/tex]

= [tex]15,000[/tex] ($)

He said," I don't like you" change in indirect speech​

Answers

Answer:

whether'.

Explanation:

When closing a direct request, you

a. indicate the consequences of a failure to reply.

b. mention your own qualifications or status.

c. request a specific response and mention the time limits.

d. thank the reader in advance for helping you.

Answers

Answer:

c

Explanation:

just took it on edg

Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover and the average collection period in days? a. 6.4 and 57 days. b. 4.0 and 91.3 days. c. 5.3 and 68.9 days. d. 8.0 and 45.6 days.

Answers

Answer:

a. 6.4 and 57 days

Explanation:

The computation of the accounts receivable turnover and the average collection period in days is shown below;

The account receivable turnover is

= $800,000 ÷ ($100,000 + $150,000) ÷ 2

= 6.4 times

And, the average collection period is

= 365 days ÷ 6.4 times

= 57 days

Therefore the a option is correct

Apple is constantly striving to introduce new products into the marketplace. At the initial stage, Apple design teams are separated from the rest of the organization and housed in a separate facility to enhance the ability to develop new concepts. This approach has proven to enhance the ability to come up with new concepts in the _____ stage of the new-product development process.

Answers

Answer:

Idea generation.

Explanation:

The new product development process is a process of taking a product to the market. It is a part of product design. The process continues till the life cycle of product is over.

There are several stages of the new product development.

The stage in which the Apple company is, in the given scenario, is idea generation.

Idea generation is the first stage of the new product development. In this stage, the company seeks for ideas for creating or developing new products.

Therefore, idea generation is the correct answer.

According to the video, what does the work environment of a Production, Planning, and Expediting Clerk usually
include? Check all that apply.
sitting for long periods
standing and lifting items
using telephones
using industrial machinery
operating vehicles
using computers

Answers

According to the video, the work environment of a Production, Planning, and Expediting Clerk usually include:

sitting for long periodsusing telephonesusing computers

What is the role of a clerk?

A clerk, often known as a bookkeeper, carries out administrative duties to support regular corporate operations. They are responsible for returning calls and emails, maintaining a well-organized filing system, and replenishing office supplies. Since this is an office-based position, you will be at your desk from Monday through Friday from 9 am to 5 pm.

In some cases, working overtime may be necessary while a deadline is approaching. You may also be able to achieve a healthy work-life balance by taking advantage of flex time, part-time employment, or job sharing, depending on your company. Work as a clerk is available in a variety of industries, from the commercial sector to local government.

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Brant promised to repair Carolyn's car on Thursday. After picking up the necessary part at a junkyard, he discovered he could not do the job after all and that the junkyard would not buy back the part. Carolyn does not know about these developments. However, she thinks Brant will be finished with her car sometime today. What should Brant do

Answers

i mean... tell carolyn asap and explain, then try to sell the part on ebay or something

Which product would most likely be considered inherently unsafe?
A. A bathroom cleaner
B. A garden hose
C. A bookshelf
D. A lamp

Answers

Answer:

c

Explanation:

bell kung matutong ba yung bookshelf

The product that would most likely be considered inherently unsafe depends on various factors such as its intended use, design, and potential hazards associated with its usage. Hence option C is correct .

Which product would most likely be considered inherently unsafe?

Among the options provided, a bathroom cleaner would most likely be considered inherently unsafe. This is because most bathroom cleaners contain powerful chemicals such as bleach, ammonia, and acids that can cause serious health hazards if not used properly.

These chemicals can cause skin irritation, respiratory problems, and even chemical burns if they come into contact with the skin or eyes.

Furthermore, bathroom cleaners are often stored in containers that may not be child-resistant, which can pose a serious risk of accidental ingestion or exposure. This can result in poisoning, and in severe cases, even death.

While the other options provided, such as a garden hose, bookshelf, and lamp, can also pose risks if not used properly or designed poorly, they are generally considered safer than bathroom cleaners.

A garden hose may pose a tripping hazard if not stored properly, a bookshelf may fall if overloaded, and a lamp may pose an electrical hazard if damaged, but these risks can be mitigated through proper use and maintenance.

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Mark and Anthony are business partners of a franchised bakery. They have reached the end of the current financial year, and they assume that they must pay taxes. Since they have a partnership agreement, what must they submit?

A. Income tax return
B. information return
C. IRS tax claim
D. article of organization
E. policy document

Answers

Answer:

B. Information return

Explanation:

Corporations, trusts, individuals, estates, partnerships, that engage in business or trade and make transactions which are reportable shall report the transactions by filing an information return with the IRS, that indicates the amount a person received as payment within the calendar year on which the information return is based

The details on the information return can be used for ensuring that the tax returns are correctly filed

Payments made by owners of businesses such as compensation for nonemployee and employee requires the filing of an information return

It is important to save a copy of the information returns being filed each year

Main Company sells a video streaming device for $100. A one-year subscription to unlimited video streaming costs $150. Alternatively, customers can rent videos on demand or subscribe to a competing service. Customers may purchase the streaming device together with the one-year subscription for $200. For customers who purchase the streaming device with the 1-year subscription, Main should allocate how much of the total contract price to the unlimited streaming access

Answers

Answer:

In a way yes

Explanation:

It is good to have a company be able to allocate the total price so you know how much you are paying.


[tex]x(a - b) + (b - a)[/tex]

Answers

Explanation:

x(a-b)+(b-a)ax-bx+b+aax-a-bx+ba(x-1)-b(x-1)(x-1)(a-b)

yr answer...

As aggregate output rises, the demand for money ________ and the interest rate ________, so that money demanded equals money supplied and the money market is in equilibrium. increases; falls decreases; falls increases; rises decreases; rises

Answers

It’s increases;rises

Explain in brief about market development​

Answers

Answer:

Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales.

Answer:

Definition: Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales

Explanation:

MARK ME AS BRAINLIEST

What best determines whether a borrower’s interest rate on an adjustable rate loan goes up or down? a fixed interest rate a bank's finances a market's condition a person's finances

Answers

The factor that determines whether a borrower’s interest rate on an adjustable rate loan goes up or down is a market's condition.

An adjustable-rate mortgage can be regarded as mortgage loan in which the interest rate can undergo adjustment, and this is can be done with respect to cost of the lender of borrowing on the credit market.

However, this loan can be given out base on the lender's standard variable rate/base rate.

We can conclude that market's condition do determine whether a borrower’s interest rate on an adjustable rate loan goes up.

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Answer:

the answer is c

Explanation:

just took the test

Packaged Foods Inc. and competitive merchants who deal in goods of the same kind imply that their products are properly packaged and labeled. This is a. an express warranty. b. puffery. c. an implied warranty. d. a warranty of title.

Answers

Packaged Foods Inc. and other merchants that sell similar products indicate that their products are appropriately packaged and labeled. This is  an implied warranty. Thus, option C is correct.

What is implied warranty?

An implied warranty is a contract law phrase used in common law jurisdictions for certain guarantees that are considered to be offered in the sale of items or real property owing to the conditions of the transaction.

In the case of the sale of products or real estate, an implicit warranty is immediately assumed, preventing a risk from being transferred to the buyer.

A written or verbal implied guarantee is typically regarded to be in force upon the purchase or sale of items.

Packed Foods Inc. and other merchants selling comparable items declare that their products are properly packaged and labeled. This is a guarantee that is implied. Therefore, it can be concluded that, option C is correct.

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What is everyone planning to do this summer?

Answers

Answer:

read, relax, try to sleep in as long as I want, work out, and eat lol

have a good day :)

Explanation:

Cities in the United States and Canada experience many forces that change the form and character of metropolitan areas. Sometimes the changes are viewed as positive, and sometimes the changes may be seen as negative. Describe an economic force that encourages people to move into metropolitan areas. Explain ONE reason why suburbanization occurs in the United States and Canada. Explain ONE reason why gentrification occurs in the United States and Canada.

Answers

Answer:

In the U.s.a., gentrification is generally linked with an infusion of significantly higher migrants into traditionally divested districts with longstanding, operating people typically leading to rises in property values and new construction investment.

Gentrification in Canada is linked to a decrease in the supply of cheap rental housing, the relocation of the lower classes from their historic communities and the transformation of inner-city communities from production to consuming venues for the middleclass.

one reason why suburbanization and gentrification occur in the United States and Canada is that gentrification in the United States and Canada is commonly associated with an influx of much higher migrants into previously divested neighborhoods. suburbanization was prompted by federal government incentives to encourage suburban development.

What is Gentrification?

Generally, Gentrification is simply defined as the process through which the character of a disadvantaged urban neighborhood is transformed by wealthier individuals moving there.

In conclusion, Gentrification and suburbanization cause a divide in society.

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Assume that one year ago, you bought 260 shares of a mutual fund for $19 per share and that you received an income dividend of $0.14 cents per share and a capital gain distribution of $0.24 cents per share during the past 12 months. Also assume the market value of the fund is now $15 a share. Calculate the total return for this investment if you were to sell it now.

Answers

Answer:

The ROI is 1040.38 with Distributions and Dividends included if you sell it now.

Explanation:

[tex]260*19=$4940, cost is $4940\\0.14+0.24=0.38 \ in\ distributions/dividends\\260*15=3900, sale\ price \ is 3900\\(4940-3900)+0.38=1040.38[/tex]

Hope this helped!

Edit: This answer doesn't account for any fees, since you didn't list any fees. The only mutual funds that I know of without fees are index funds run by big financial institutions.

Which of the following is considered a taxpayer’s capital asset? A. Taxpayer’s house B. Real estate used in the trade or business C. Depreciable property used in the trade or business D. Supplies regularly used in the trade or business

Answers

Answer:

well its 5 more points

Explanation:

Which of the following is considered a taxpayer€™s capital asset? A. Taxpayer€™s house B. Real estate used in the trade or business C. Depreciable property used in the trade or business D. Supplies regularly used in the trade or business

five examples of capital​

Answers

Answer:

Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.

company cars.

patents.

software.

brand names.

bank accounts.

stock.

Answer:

Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.  

company cars

patents

software

brand names

bank accounts

stock

Credit offered in the form of ____________ is most common in department and clothing stores and other high-volume outlets, where customers are likely to make several purchases each month.

Answers

Answer:

retail charge cards

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

Hence, the use of credit cards by consumers broadens a small company's customer base.

This ultimately implies that, small businesses or companies who avail their customers the opportunity to pay using a credit card will increase the number of customers that would patronize them because they are typically buying the goods and services on credit.

Generally, there are three (3) main types of credit card and these includes;

I. Debit card.

II. Prepaid card.

III. Retail charge cards.

A retail charge card can be defined as a type of credit card commonly issued by retailers to their customers in order to avail the customers an ability to charge their goods and services to a specific amount that has been established prior to a purchase.

Hence, it is most common in merchant department, car rental firms, oil companies, clothing stores and other high-volume outlets, where customers are likely to make several purchases each month.

On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $30,000. What is the amount of the gain or loss on this transaction

Answers

Answer:

The loss is "$10,000" and the gain is "$25,000".

Explanation:

The given amount is:

Cost,

= $215,000

Accumulated depreciation,

= $185,000

Book value,

= $30,000

Now,

The loss on sales will be:

= [tex]Sale \ price-Book \ value[/tex]

= [tex]20,000-30,000[/tex]

= [tex]10,000[/tex] ($)

The gain on sales will be:

= [tex]Sales \ price-Book \ value[/tex]

= [tex]55,000-30,000[/tex]

= [tex]25,000[/tex] ($)

By identifying and investing early in a potential future economic star, international firms can ________ and gain experience in that country's business practices. Group of answer choices build brand loyalty build infrastructure begin to stockpile that country's currency learn which government officials need to receive kickbacks

Answers

Answer:

build brand loyalty

Explanation:

The companies could develop the brand loyalty via a deep understanding of the customer priorities and their buying behavior also it aligned what they stand. Here the effective brand would create the strong and creative identity  that can the customer can related also this identity would remain the same over the time period

Therefore as per the given situation, it is a build brand loyalty

When the local used bookstore prices economics books at $15.00 each, they sell 70 books per month. If they lower the price to $7.00 each they sell 90 books. If so, the price elasticity of demand for the books is

Answers

Answer:

0.34,

Explanation:

% change in qty = { (90-70) / [(90+70)/2} *100 = 25%

% chnage in price =  { (7-15) / [(7+15)/2} *100 = -72.73%

PRICE ELA OF DEMAND = CHANGE IN QTY/  CHANGE IN PRICE

PRICE ELA OF DEMAND =  25/72.73 = 0.343

an increase in price from $7.00 to $15.00 results in an increase in total revenue.

The price elasticity of demand for the books when 90 books are sold when the prices are lowered from $15 to $7 each will be 0.34.

What is price elasticity of demand?

A percentage change in the quantity demanded for particular goods or services due to a percentage change in the price of such goods or services is known as the price elasticity of demand.

For the given case, the price elasticity of demand will be calculated as,

[tex]\rm Price\ Elasticity\ of\ Demand\ = \dfrac{\dfrac{Final\ Quantity-Initial\ Quantity}{Initial\ Quantity}}{\dfrac{Final\ Price- Initial\ Price}{Initial\ Price}}\\\\\rm Price\ Elasticity\ of\ Demand\ = \dfrac{\dfrac{90-70}{70}}{\dfrac{15- 7}{7}}\\\\\rm Price\ Elasticity\ of\ Demand\ = 0.34[/tex]

Hence, the price elasticity of demand is calculated as above.

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Which of the following is an example of an ultimate consumer:
a. A teenager buying her/his first car
b. A farmer buying seed for crops that will be sold at market
C. A manager buying office supplies
d. A restaurant owner buying a new oven for the restaurant's kitchen

Answers

The example of an ultimate consumer is that when the person purchases his or her first car.

The following information related to the ultimate consumer is as follows:

It is the person or the group where the product is actually used or consumed. It is not similar to the purchaser. In this, the selling activity does not take place.

Therefore, all other options are incorrect.

Hence, we can conclude that the example of an ultimate consumer is that when the person purchases his or her first car.

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You want to know if part time employees become more or less happy with their employment over time. Thus, you give a questionnaire to 100 new hires and four months later give the same questionnaire to the same employees. What type of research design have you used

Answers

Answer:

:Two students made stem-and-leaf plots for the following data: 530, 545, 550, 555,560, 570. Which is incorrect? Explain the error.

(2 Points)

A; there is no stem for 56.

B; there are no leaves for 55.

Explanation

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Read this line from "O Captain! My Captain!".The ship has weather'd every rack, the prize we sought is won;What does the prize we sought is won refer to?They won a game. They found a lost treasure.They won an election.The North has won the Civil War. what kind of graph is this? Please help, This is due soon In parallelogram ABCD shown, point E and F are located on diagonal BD and point G is located on side AB such that GE and CF are perpendicular to BD. Prove: trainge BEG is similar to traingle DFC Find the value of x. Round your answer to the nearest tenth.6824The value of x is about ___ need it asap please!!!! King Charles came to the throne inexperiencedbut had this to his advantage.A. Kingly heritageB. A strong queenC. Military experience A band of 17 pirates stole a sack of gold coins. When they tried to divide the fortune into equal portions, 3 coins remained. In the ensuing brawl over who should get the extra coins, one pirate was killed. The wealth was redistributed, but this time an equal division left 10 coins. Again an argument developed in which another pirate was killed. But now the total fortune was evenly distributed among the survivors. What was the least number of coins that could have been stolen The distance by road from town A to town B is 257 km. What is 50% of that distance? Que clase social tena la mayor cantidad de poder en la Europa feudal? During which step of the writing process are the following questions asked? Do my ideas make sense? Have I arranged my ideas in the best order? Do I need to add or delete any information from my draft?RevisingEditingPrewritingPublishing In response to the Heinz dilemma, David says, "Its a natural thing for Heinz to want to save his wife, but its still his duty as a citizen to obey the law." David is most likely in the stage of __________ orientation. Planets in the solar system revolve around the Sun in an orbital path and can vary from rocky and terrestrial objects to gaseous and liquid object. Which set of characteristics is unique to the outer planets Which expression represents the area of the square?A: 4.4B:2+4C:2.4Or C: 4+ 4 help pls? A middleman is Multiple Choice a person or firm whose sole responsibility is bringing a buyer to the last link in the distribution chain. a person or firm whose sole responsibility is to find distributors for a manufacturer's products. any intermediary between a manufacturer and end-user markets. a person or firm that takes possession of a product and in some way alters it before passing it on to ultimate consumers. an intermediary that sells to ultimate consumers. In the morning, the temperature was 10C. By the afternoon, it had risen to 2C. What was the change in temperature from the morning to the afternoon? Beatrices science teacher gave her an unknown substance to identify based on its properties. After a few tests, Beatrice listed her observations in a chart.reflects light very wellwarms up in my handflattens out when hit with a hammerconducts electricityWhich kind of substance does Melinda have? A. metalloidB. nonmetalC. metalD. noble gas Lewis and Associates has been in the termite inspection and treatment business for five years. The following is a list of accounts for Lewis on June 30, 2017. It reflects the recurring transactions for the month of June but does not reflect any month-end adjustments:Cash . $6,200 Accounts Receivable 10,400 Prepaid Rent .. 4,400 Chemical Inventory ....9,400 Equipment ..18,200 Accumulated Depreciation .1,050 Accounts Payable .. 1,180 Capital Stock ....5,000 Retained Earnings .. ...25,370 Treatment Revenue ....40,600 Wages and Salary Expense . 22,500 Utilities Expense .....1,240 Advertising Expense .. 860 The following additional information is available: a. Lewis rents a warehouse with office space and prepays the annual rent of $4,800 on May 1 of each year. b. The asset account Equipment represents the cost of treatment equipment, which has an estimated useful life of ten years and an estimated salvage value of $200. c. Chemical inventory on hand equals $1,300. d. Wages and salaries owed but unpaid to employees at the end of the month amount to $1,080. e. Lewis accrues income taxes using an estimated tax rate equal to 30% of the income for the month. Required: 1. For each of the items of additional information, (a) through (e), identify and analyze the necessary adjustment on June 30, 2017. 2. On the basis of the information you have, does Lewis appear to be a profitable business? if a ball is a sphere with 10 inches, what is the volume in cube inches explain why it is important to cool down after exercise