Patricia owns 100 shares of Nash, Inc. common stock which she purchased for $1600. On May 29 of the current year, Nash issued a 10% proportionate common stock dividend and Patricia received an additional 10 shares, each of which has a value of $20. How much income does Patricia report for this dividend? O $2000 O $1600 O $0 O $200
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- Jake purchased 100 shares of ABC stock at GHS42.50 per share. After seven months, he sold all of his shares at a price of GHS39.75 a share. Jake received a total of GHS1.10 per share in dividends during the time he owned the shares. Jakeʹs holding period return is * -2.8%. 4.2%. -3.9%. 9.1%.For the last two years, Margaret Lane has Invested in the shares of Garod Inc. Details of her purchases and sales of these shares are as follows: Shares Purchased (Sold) Per Share Value January 2020 Purchase 300 $4.75 July 2020 Purchase 200 5.25 November 2020 Sale (250) 5.40 July 2021 Purchase 400 5.50 December 2021 Sale (150) 4.80 Determine Ms. Lane's taxable capital gains and allowable capital losses for 2020 and 2021.King is a stockholder of Ara Corporation, In 2018, he received as dividend from the latter 150 common shares of Ara Corporațion and another 150 common shares of Mina Company with a market value of P100 and P120 per share, respectively. The dividend income subject to tax of King is Stock dividend Property dividend P33,000 b. 33,000 C. d. 18,000 18,000 15,000
- Malie bought 100 common shares of Gainsway Company on October 31, 2017 at P50 per share. On December 15, 2017 she received 25% stock dividend of common shares. On January 20, 2018, she sold the stock dividends at P30 per share. How much is the gain or loss on the sale of the stock dividends? P (250) 750 a C. b. 250 d. 3,750 CS Scanned with CamScanner 3.2. Naomi owns 1,000 shares of Nordstrom Corp. common stock which she purchased for $42400 and later receives a nontaxable preferred stock dividend of 200 shares of Nordstrom preferred stock when the FMV of the preferred was $60 per share and the FMV of the common was $48 per share. What is the basis of the preferred shares after the dividend? The answer is $32560 please explain how to calculate properlyNaruto is an investor in Hokage Corporation. In 2019 he has 1,000 share holdings acquired at P120 per share or a total investment cost of P 120,000 classified as capital asset. 2020 Transactions: January March Received stock dividends 2 shares for every shareholdings. Sold 500 shares of Hokage Corporation for P120 per share. Purchased 300 shares of Hokage Corporation for P150 per shares. Sold 500 shares of Hokage Corporation for P90 per share. April May How much is the nondeductible loss in May? A domestic corporation received P500,000 cash dividend from a foreign corporation the earnings of which are 70% earned in the Philippines. The taxable dividend income of the domestic corporation is
- Sam bought through her broker 200 Apex Mining common stock at $61.50/share. The broker charged her 2% commission. One year later she sold the shares for $71.25. What are the proceeds for this stock market transaction?Accounting Matt owns 10 percent of the 5,000 shares of Green Corporation. On July 1, 2020, Green Corporation declares a 5% stock dividend to all shareholders. The FMV of Green stock at the distribution is $50 per share. Green Corporation has current E&P of $420,000. How much income does Matt recognize? $2,500$0$5,000$1,250.Barado, Inc. owns 30% of the outstanding shares of Tako Inc. common stock. During 2021, Tako earns $270,000 and pays cash dividends of $80,000. What is the journal entry to record Barado's receipt of dividends from Tako, Inc.? O DR Equity Investment $24,000; CR Cash $24,000 O DR Cash $24,000; CR Dividend Income $24,000 O DR Cash $24,000; CR Equity Investment $24,000 O DR Cash $24,000; CR Investment Income $24,000
- 4. Nancy Emerson owns 50 percent of the common stock of Marks Corporation. She paid $25,000 for this stock in 20X3. At December 31, 20X8, her 50 percent stock ownership in Marks had a current value of $185,000. Marks’s cumulative net income and cash dividends declared for the five years ended December 31, 20X8, were $300,000 and $30,000, respectively. In Nancy’s personal statement of financial condition at December 31, 20X8, what amount should she report as her net investment in Marks? Multiple Choice $0 $25,000 $185,000 $175,000Cristiano Ronaldo purchased a single share of stock for $14 and sold it one year later for $16.50. While he owned the stock, Cristiano received two semi-annual dividends of $0.16 each. Cristiano's holding period return on this stock is: a. 15.0%. O b. 13.0%. O c. 19.3%. O d. 20.1%. Which one of the following is an internal characteristic that can affect the value of an investment? a. Political events. b. Taxation policy. Oc. Capital structure. O'd. Inflation. Next page iz1 (Chapter 2) Jump to..Pansy currently owns 250 shares of Malfoy stock valued at $44 share. What will her investment in Malfoy be worth if the company declares a 3-for-1 stock split? $8,800 $11,000 $7.125 $3,667 $6,075