On January 1, Andrea reviews her investment portfolio and finds out that she has had a very profitable year. To offset some of her gains, Andrea sells 100 shares of Big Bear Corporation for $10,000. She purchased those shares for $15,000 two years earlier. On January 25 of the same year, Andrea reads a newspaper article indicating that the price of Big Bear Corporation is expected to increase substantially. Second-guessing the wisdom of selling her previous shares of Big Bear stock, she purchases 100 shares of Big Bear Corporation for $8,000. What are the tax consequences to Andrea this year

Answers

Answer 1

Answer:

$5,000 realized, but not recognized loss

Explanation:

Based on the above information given we were told that two years earlier She purchased some shares for the amount of $15,000 in which in order for her to offset few of her gains she sells those 100 shares of Bear Corporation for the amount of $10,000 making her to REALIZED the amount of $5,000 ($15,000-$10,000) reason been that a loss will be realized instantly in a situation were an assets is sold out for a loss.

Therefore the tax consequences to Andrea this year will be the amount of $5,000 Realized, but not recognized loss.


Related Questions

Why did the Great Depression of 1928 affect people from almost all parts of the world?
A.
The world economy by this time was quite dependent on global trade.
B.
People who lost their jobs in the United States moved to Asia for jobs.
C.
Sharp rise in price of goods in the United States led to an increase in imports.
D.
Trade routes between the United States and Asia were temporarily closed down.
E.
The United States stopped exporting goods to Europe.correct answer is SHAPES
i just took the quiz

Answers

Answer:

C. Sharp rise in price of goods in the United States led to an increase in imports.

Explanation:

The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).

Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.

Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.

In conclusion, the Great Depression of 1928 affect people from almost all parts of the world because sharp rise in price of goods in the United States led to an increase in imports.

Answer:

C. Sharp rise in price of goods in the United States led to an increase in imports.

Explanation:

Hope this help

hey can y'all help me out some my birthday is April 7th and I get to oder things off Amazon and I'm a person who likes to do nails so do y'all know a case on Amazon where I can put all my nails stuff​

Answers

I just bought shelves and I use it to store all my nail supplies

Yes, there are many nail cases available on Amazon where you can store all your nail supplies like Frenessa Acrylic Nail Polish Organizer and Hiker Large Capacity Cosmetic Case.

What is amazon?

Amazon is a multinational technology company based in Seattle, Washington, United States. It was founded in 1994 by Jeff Bezos as an online marketplace for books and later expanded to sell a wide variety of products, including electronics, clothing, toys, and household items.

Amazon is now one of the largest online retailers in the world, with operations in over 100 countries and an extensive network of warehouses, delivery centers, and data centers.

These are just a few options to consider, but there are many other nail cases available on Amazon to fit your specific needs and preferences.

Learn more about amazon here:

https://brainly.com/question/28209824

#SPJ7

Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.

Answers

Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.

Explanation:

hope this helps.

The roommate should not be correct.

What is insurance?

Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.

learn more about insurance here: https://brainly.com/question/24332840

Which form of market segmentation is Coca Cola using when they look at the values, attitudes, and lifestyle of their target market?

Question 11 options:

Geographic


Behavioral


Demographic


Psychographic

Answers

Answer:

D- phychographic

Explanation:

In psychographic segmentation, Coca Cola buyers are divided into different groups

lol is this a test you are taking? :)

Answer:

D- phychographic

Explanation:

Hope you have a great day

Explain one benefit to a business of using crowd funding as a source of finance

Answers

Answer:

Explanation:

Crowdfunding can be regarded as a way in which businesses can raise funds through the contribution of large number of people to the project.

SPEED AND ACCESSIBILITY

Crowdfunding helps the entrepreneur/ Businesses to get the necessary capital without passing through arduous process involving in loan collection, and this is good for small and medium companies that doesn't have enough creditworthiness in taking loan. As far as crowdfunding is concerned, no special qualifications involved in starting a crowdfunding campaign, within some hours ones page can be outlined and make visible to crowdfunding platform’s audience. There is no hunt down of specific venture capitalists.

Explain the word taxation.​

Answers

Taxation is the practice of a government collecting money from its citizens to pay for public services, taxation is practice of collecting taxes (money) from citizens based on their earnings and property

what important technology has done the most

Answers

The answer is Wireless networks

Which statements describe a Treble Clef correctly? Pick Two
Treble Clef is your right hand.
Treble Clef is your left hand.
Treble Clef sounds higher.
Treble Clef sounds lower.

Answers

Answer: c and a

Explanation:

Which of these is a critical interaction in the hotel industry?
A.
a breakfast order through room service
B.
a first glimpse of the hotel
C.
a swim at the hotel pool
D.
a visit to the hotel boutique

Answers

Answer: B
hope this helps :)

Emmanuel would like to start a business with a popular fast food company. He agrees to pay a fee and royalties. This is an example of which type of business?

A. Franchise
B. S corporation
C. Nonprofit corporation
D. C corporation

Answers

A franchise, option A.

Answer:

yeah A

Explanation:

What is Seth Godin’s overall message to companies?

Answers

Answer:

Don't put all your money into marketing. Focus on those people who are passionate about your product and figure out what people want and focus on them.

(coursehero.com)

What effects does scarcity of economic resources have on choices?

Answers

When economic resources are scarce, there’s going to be few choices to choose from.
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