Answered: What is the amount of the gain or loss…

What is the amount of the gain or loss that carries over from 2019 to 2020? What is the net capital gain or loss for 2020?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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With the answers to questions 2 provided below please answer question 3 Answer the following questions: a) At the end of 2021 how many shares of stock would you have in FUSTA Company Limited b) What will be the total value of your shares in FUSTA Company Limited at the end of 2021? Number of Shares We Have in 2018 = 100 shares Dividend to Receive in 2018 = Number of Shares You Have x Dividend Per Share Dividend to Receive in 2018 = 100 shares x $2.75 = $275 Number of Shares That Can Be Purchased =Total Dividend Received / Market Price Of Share(aka SharePrice) Number of Shares That Can Be Purchased = $275 / $50.75 = 5.4187 shares Number of Shares You Have 2019 = 100 + 5.4187 = 105.4187 shares Dividend to Receive in 2019 = Number of Shares You Have x Dividend Per Share Dividend to Receive in 2019 = 105.4187 x $3.00 = $316.26 Number of Shares That Can Be Purchased = $316.26 / $55.15 = 5.7345 shares Number of Shares You Have 2020 = 105.4187 +…
Balance Sheet Calculations. Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows: 2019 Total shareholders' equity Accumulated other comprehensive income Current liabilities Intangible assets Property, plant, and equipment (net) Current assets Total contributed capital Long-term liabilities Retained earnings Total assets Common stock, $10 par Working capital Additional paid-in capital Long-term Investments Total liabilities Current accets Cong-term investments Property, plant, and equipment (net) Intangible assets ✓ Total assets $ (a) 4,800 (b) 12,600 (c) Current abilities Long-term abilities Total liabilities Common stock 10 par Additional paid-in capital Total contributed capital Retained earnings -V Accumulated other comprehensive income 18,000 51,000 (d) Total shareholders equity Total liabilities and shareholderslequity 40,900 (e) (1) 9,900 (0) (m) (n) Additional information: At the end of 2019, additional paid-in capital is twice the amount of…
Treasury stock should be reported Group of answer choices in the Investments and Funds section of the balance sheet. as a deduction from total stockholders’ equity on the balance sheet. as a current asset only if it will be sold within the next year or the operating cycle, whichever is longer. as a current asset only if it will be sold within the next year or the operating cycle, whichever is shorter.
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1. Spark has paid the following dividends during 2021-2022: Date 9 April 2021 1 October 2021 8 April 2022 7 October 2022 The price of Spark shares at the start of 2021, 2022, and 2023 are Date 5 January 2021 5 January 2022 4 January 2023 (a) What is the HPR for 2021? What is the HPR for 2022? Dividend 12.5c 12.5c 12.5c 12.5c Price 4.80 4.49 5.34
XYZ stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2018 $ 110 $ 3 2019 113 3 2020 100 3 2021 105 3 An investor buys four shares of XYZ at the beginning of 2018, buys another two shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all five remaining shares at the beginning of 2021. Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) b-2. What is the dollar-weighted rate of return? (Hint: If your calculator cannot calculate internal rate of return, you will have to use a spreadsheet or trial and error.) (Negative value should be indicated by a minus…
Required: 1. Calculate the following risk ratios for 2024: 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following risk ratios for 2024: (Round your answers to 1 decimal place.) Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio times times % Required 1 Required 2 >
The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 Assets. Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable. Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net income is $91,560. 2. Sales on account are $1,416,800. (All sales are credit sales.) 3. Cost of goods sold is $1,098,500. 2024 $149,560 72,000 92,000 3,700 450,000 760,000 2023 450,000 640,000 (398,000) (238,000) $1,129,260 $1,136,700 $95,400 6,000 8,000 $117,000 89,000 77,000 1,700 $82,000 11,700 4,700 220,000 670,000 148,300 110,000 670,000 239,860 $1,129,260 $1,136,700 Required: 1. Calculate the…
XYZ stock price and dividend history are as follows: Dividend Paid at Year-End $5 Year 2018 2019 2020 2021 Beginning-of- Year Price $ 130 144 120 125 An investor buys six shares of XYZ at the beginning of 2018, buys another three shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all eight remaining shares at the beginning of 2021. Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Arithmetic time-weighted average returns Geometric time-weighted average returns 5 5 5 Date b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) Cash Flow % %
If Friday, October 4, 2019, is the record date for ABC Corporation, when must an investor have purchased the stock in order to be entitled to receive a declared dividend? Select one: O a. Thursday, October 3rd Ob. Wednesday, October 2nd c. Tuesday, October 1st
Consider the following price and dividend data for Quicksilver Inc.: Dividend ($) Price ($) $14.4 $13.51 $9.14 $10.74 $8.02 $7.72 Date December 31, 2020 January 26, 2021 April 28, 2021 July 29, 2021 October 28, 2021 December 30, 2021 Assume that you purchased Quicksilver's stock at the closing price on December 31, 2020 and sold it after the dividend had been paid at the closing price on January 26, 2021. Your capital gains rate (yield) for this period is closest to A. 0.88% OB. -5.42% $0.11 $0.11 $0.11 $0.11 OC.-6.18% OD. 0.8% ...
2. Prepare the investing activities section of the statement of cash flows for Laporte Inc. for the year ended December 31, 2020. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) LAPORTE INC. Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash flows from investing activities: Purchase of equipment Sale of equipment Sale of long-term investment Net cash flow from investing activities $ (37)