1 answer

What are the tax consequences to Euclid from the following independent events? In your computations, do...

Question:

What are the tax consequences to Euclid from the following independent events? In your computations, do not round intermediate division.

If required, round the per share answer to two decimal places. Round all other answers to the nearest dollar

a. Euclid bought 500 shares of common stock five years ago for $128,000. This year, Euclid receives 20 shares of common stock as a nontaxable stock dividend.

As a result of the stock dividend, Euclid's per share basis is $.

b. Assume instead that Euclid received a nontaxable preferred stock dividend of 20 shares. The preferred stock has a fair market value of $12,800, and the common stock, on which the preferred is distributed, has a fair market value of $192,000.

After the receipt of the stock dividend, the basis of the preferred stock is $, and the basis of the common stock is $ .


Answers

Az az Euclids Per Share Basis $ 12,8000 500 = $ 256 per share by Common Stock $ 1,92,000 Preferred Stock 28.000 $2,04,800 Af

.

Similar Solved Questions

1 answer
Question V Find the frequenoy in which I and Vo have the same phase z, =...
Question V Find the frequenoy in which I and Vo have the same phase z, = 13.000 +Joo352 R= 120 Ω L=19mH C=220 pF Z, L 8 Figure 5...
1 answer
2 parts, thx:) 1) Current of 4.0 A flows in the coil as shown in the...
2 parts, thx:) 1) Current of 4.0 A flows in the coil as shown in the figure. The coil has 4 loops and is situated in the xz-plane. The area of the coil is 3.00 x 10-3 m2. The coil is situated in a uniform magnetic field = (2.00- 5.00- 5.00mT. What is the magnitude of the torque acting on the loop du...
1 answer
Complete the following program based on the comments inside. Important note: You are only allowed to...
Complete the following program based on the comments inside. Important note: You are only allowed to use the new operator in solving this problem. (i.e. Don't use predefined array functions such as append(), concat(), etc. in solving this problem) Important Note 2: Your program should work the s...
1 answer
QUESTION 4 -1 Find L (378573) 25+7 S2 +45 +13 (write 5/6 by 5 -30 6'...
QUESTION 4 -1 Find L (378573) 25+7 S2 +45 +13 (write 5/6 by 5 -30 6' ; e^{-3t} by e and sin(2t) or cos(3t) by sin(2t) or cos(3t))....
1 answer
Nursing Skill/Concept: Laboratory Test Procedure Name: Aspartate Aminotransferase (AST) Name: Date: Indications (Symptoms Pl. may be...
Nursing Skill/Concept: Laboratory Test Procedure Name: Aspartate Aminotransferase (AST) Name: Date: Indications (Symptoms Pl. may be displaying) Nursing Interventions Potential Complications Outcomes/Evaluations Patient Education...
1 answer
Question 39 (1 point) HIV is the virus that causes AIDS. In the mid-1990s, researchers discovered...
Question 39 (1 point) HIV is the virus that causes AIDS. In the mid-1990s, researchers discovered an enzyme in HIV called protease. Once the enzyme's structure was known, researchers began looking for drugs that would fit into the active site and block it. If this strategy for stopping HIV infec...
1 answer
Help 2. Show all steps to complete the synthesis shown. (4 pts.) CI оґ
help 2. Show all steps to complete the synthesis shown. (4 pts.) CI оґ...
1 answer
Pivot point Consider the figure Center of mass where L is the length of the e<15...
Pivot point Consider the figure Center of mass where L is the length of the e<15 Meter stick I meter stick and h is the distance between the pivot point and center of mass of the system. According to the formula T 27T whrI is the moment of mgh inertia about the pivot point. If the parallel axis t...
1 answer
Consider the following half-reactions and their standard reduction potentials then give the standard line (cell) notation...
Consider the following half-reactions and their standard reduction potentials then give the standard line (cell) notation for a voltaic cell built on these half reactions. Mn2+(aq) + 2 e- <=> Mn(s) E° = -1.18 V Fe3+(aq) + 3 e- <=> Fe(s) E° = -0.036 V Correct answer: Mn (s) | Mn 2...
1 answer
5. Calculate the energy necessary to excite an electron from the second shell to fifth shell in a hydrogen atom, in...
5. Calculate the energy necessary to excite an electron from the second shell to fifth shell in a hydrogen atom, in kJ/mol....
1 answer
(Use the lowest possible coefficients. Use the pull-down boxes to specify states such as (ag) or...
(Use the lowest possible coefficients. Use the pull-down boxes to specify states such as (ag) or (s). If a box is not needed, leave it blank) a. The combustion of propanol (CH,OH) forms carbon dioxide and water vapor. A combustion reaction refers to a reaction of a substance with oxygen gas b. Aqueo...
1 answer
(4) You are using ELISA analysis to compare levels of sTfR before and after a treatment....
(4) You are using ELISA analysis to compare levels of sTfR before and after a treatment. Compared to the baseline measurement, the endline measurement has an increased pixel intensity. What can you conclude? (2pts) a) If it was a direct ELISA, the amount of sTfR in the plasma decreased. b) If it was...
1 answer
Using the data in the following table, and the fact that the correlation of A and...
Using the data in the following table, and the fact that the correlation of A and B is 0.39, calculate the volatility (standard deviation) of a portfolio that is 70% invested in stock A and 30% invested in stock B. Realized Returns Year Stock A Stock B 2008 - 11% 16% 2009 12% 38% 2010 5% 3% 2011 -1%...
1 answer
Multiple Choice Question 101 Your answer is incorrect. Try again. Marigold Company sells merchandise on account...
Multiple Choice Question 101 Your answer is incorrect. Try again. Marigold Company sells merchandise on account for $4600 to Cullumber Company with credit terms of 1/10, n/30. Cullumber Company retus $400 of merchandise that was damaged, along with a check to settle the account within the discount p...
1 answer
Given the soaring price of gasoline, Ford is considering introducing a new production line of gas-electric...
Given the soaring price of gasoline, Ford is considering introducing a new production line of gas-electric hybrid sedans. The expected annual unit sales of the hybrid cars is 29,000; the price is $21,000 per car. Variable costs of production are $9,000 per car. The fixed overhead including salary of...
1 answer
Need help please a microscope with a converging lens the eye part has a focal lenght...
need help please a microscope with a converging lens the eye part has a focal lenght f2=1.42cm . at the other end is another converging lens the objective that has a focal lenght of f1=14.65cm. when you place a bug you want to examine at a distance of s1=3.20cm from the objective. what is the overal...
1 answer
A sociologist claims that children spent more time watching television in 1981 than children do today....
A sociologist claims that children spent more time watching television in 1981 than children do today. A study was conducted in 1981 to find the time that children watched television on weekdays. Recently, a similar study was conducted. The results of these studies (in hours per weekday are shown be...