6. Binat died on March 13, 2018, leaving the following properties: Ordinary shares of ABC Corporation (2,500 shares) - listed in the Philippine Stock Exchange(highest - P40; lowest - P39. Ordinary shares of XYZ Corporation (1,500 shares) not listed in the stock exchange: Cost P50 per share; book value - P45 per share. Preference shares of OPQ Incorporated (3,000 shares) - not listed in the stock exchange. Cost P70 per share, book value - P65 per share, par value - P45 per share. Car (cost - P600,000; book value - P300,000; market value - P350,000) Real properties (zonal value - P140,000, assessed value P80,000) Compute for the gross estate of Binat?

6. Binat died on March 13, 2018, leaving the following properties: Ordinary shares of ABC Corporation (2,500 shares) - listed in the Philippine Stock Exchange(highest - P40; lowest - P39. Ordinary shares of XYZ Corporation (1,500 shares) not listed in the stock exchange: Cost P50 per share; book value - P45 per share. Preference shares of OPQ Incorporated (3,000 shares) - not listed in the stock exchange. Cost P70 per share, book value - P65 per share, par value - P45 per share. Car (cost - P600,000; book value - P300,000; market value - P350,000) Real properties (zonal value - P140,000, assessed value P80,000) Compute for the gross estate of Binat?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Ashvin
Shetland Corporation, a C corporation, has E&P of $1,000,000. The corporation stock is held as follows: Matthew 1,000 shares Aaron 1,000 shares Fay 1,000 shares Marlyebone Partnership 1,000 shares Devon Corp. 1,000 shares Total Shares 5,000 shares Matthew would like to redeem 500 shares of stock. The fair market value of the stock is $200,000. Matthew acquired the stock 10 years ago and has a basis of $200/share in her stock. Note: Since Shetland Corporation is not traded on an exchange, Matthew does not have the option for selling his stock on an open market. Here is additional information about Shetland Corporation: · Aaron is Matthew’s first cousin · Fay is Matthew’s mother · Matthew owns 10% of Marlyebone Partnership · Matthew owns 20% of the shares in Devon Corporation a. Will this redemption of 500 shares of Matthew’s stock be treated as a qualified stock redemption or will it be treated as a distribution? Support your answer with calculations. b. How much tax must…
LO.2 On May 9, 2018, Calvin acquired 250 shares of stock in Hobbes Corporation, a new startup company, for $68,750. Calvin acquired the stock directly from Hobbes, and it is classified as § 1244 stock (at the time Calvin acquired his stock, the corporation had $900,000 of paid-in capital). On January 15, 2020, Calvin sold all of his Hobbes stock for $7,000. Assuming that Calvin is single, determine his tax consequences as a result of this sale.
Vala
Please do not give image format
Irene received the following dividends in 2021: • an eligible dividend of $16,550 •a non-eligible dividend of $12,450 •a dividend of $21,975 from a foreign corporation, net of $3300 of foreign tax withheld •a stock dividend of 444 shares; the paid-up capital of the corporation was increased by $25 for each share issued, and the issuing company is a public company Irene has a combined federal and provincial tax rate of 45%. Required: Indicate total after-tax amount received by Irene in 2021. For each investment you should identify the total cash received, the taxable amount, the taxes, any related dividend tax credits (if applicable), and total cash (after- tax). Use a chart to help organize your calculations.
! Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq: MSFT) over the years: Date Purchased Shares Basis 7/10/2013 4/20/2014 500 1/29/2015 11/02/2017 600 $ 30,000 27,900 700 450 30,520 22,140 If Dahlia sells 1,400 shares of Microsoft for $98,000 on December 20, 2023, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gain _
Please See attached.
Haresh
On September 1, 2023, Pin acquires all of Skin's shares, by issuing 15,000 shares of common stock. The following information is related to Pin & Skin at December 31, 2023. 2023 a. $9.0 O b. $8.0 c. $10.0 @d. $7.0 x Pin $420,000 Skin $150,000 Net Income evenly distributed during the year 60.000 20,000 # of outstanding shares Calculate the consolidated earnings per share (EPS) for the year ended December 31, 2023.
43. Bobbi Proctor does not want to “ gamble ” on Social Security taking care of her in retirement . Hence she wants to begin to plan now for retirement . She has enlisted the services of Hackney Financial Planning to assist her in meeting her goals . Proc tor has determined that she would like to have a retirement annuity of $ 200,000 per year , with the first payment to be received 36 years from now at the end of her first year of retirement . She plans a long , enjoyable retirement of about 25 years . Proctor wishes to save $ 5,000 at the end of each of the next 15 years , and an unknown , equal end - of - period amount for the remaining 20 years before she begins her retirement Hackney has advised Proctor that she can safely assume that all savings will earn 12 percent per annum until she retires , but only 8 percent thereafter . How much must Proctor save per year during the 20 years preceding retirement ? EBK CONTEMPORARY FINANCIAL MANAGEM chapter5, problem 43

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS