Two Hearts Corporation is a calendar year taxpayer. Polly owns all of its stock. Her basis for the stock is $6,000. On April 1 of the current (non-leap) year Two Hearts distributes $54,000 to Polly Read the requirement . a. b. c. Distribution $ 54,000 $54,000 $ 54,000 Dividend income $ (42,000) $ (33,000) $ (33,233) -
Remaining distribution $ 12,000 $ 21,000 $ 20,767 Return of Capital $ (6,000) $ $ (6,000) $ (6,000) Capital gain (loss) $ 6.000 $ 15.000 $ 14.767
Carryforward Accumulated E&P $ 0 $ (22,000) Requirement Determine the tax consequences of the cash distribution in each of the following independent situations: a. Current E&P of $24,000; accumulated E&P of $18,000 b. Current E&P of $33,000; accumulated E&P deficit of $(22,000). c. Current E&P deficit of $(68,000), accumulated E&P of $50,000. d. Current E&P deficit of $(30,000); accumulated E&P deficit of $(15,000).
(Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Complete all input fields. For zero amounts, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign for losses and E&P deficits.)
Answers
The remaining $12,000 is a return of capital, which will reduce her basis in the stock to $0. She will also have a capital loss of $6,000, which she can use to offset capital gains or deduct up to $3,000 against ordinary income.
Since current E&P is greater than the accumulated E&P deficit, the first $22,000 of the distribution is a dividend and the remaining $32,000 is a return of capital. Polly will report $33,000 as dividend income on her tax return. The $22,000 dividend will also reduce the accumulated E&P deficit to $0. The $32,000 return of capital will reduce Polly's basis in the stock to -$26,000. She will also have a capital loss of $15,000, which she can use to offset capital gains or deduct up to $3,000 against ordinary income. Since current E&P deficit is greater than the distribution, the entire $54,000 is a return of capital. Polly's basis in the stock will be reduced to -$48,000.
She will also have a capital loss of $20,767, which she can use to offset capital gains or deduct up to $3,000 against ordinary income. Since both current E&P and accumulated E&P are in deficit, the entire $54,000 is a return of capital. Polly's basis in the stock will be reduced to -$42,000. She will not have any capital gain or loss.
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Related Questions
The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is?
Answers
The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is Online.
Off-the-job training is a form of education in which employees attend a facility other than their place of employment to learn more about their line of work or the most recent developments in it.
In essence, this kind of training improves how well personnel carry out their duties. Off-the-job training, as contrast to on-the-job training, might take place in close proximity to the workplace or farther away, such as at a resort or training facility.
Employers can reduce distractions by holding training sessions away from the office so that employees can concentrate entirely on the information they are studying.
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If consumers start to believe they need a product, what is likely to happe A. The demand becomes less elastic. B. The demand becomes more elastic. C. The supply decreases. D. The price decreases.
Answers
If consumers start to believe they need a product, it is likely that the demand for the good becomes less elasticity.
What is price elasticity of demand?
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
When consumers consider a good to be a necessity, the elasticity of demand becomes less elastic. The more elastic demand is, the more sensitive quantity demanded is to price changes. The less elastic demand is, the less sensitive quantity demanded is to price changes.
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Answer:
B
Explanation:
takin test now
A friend told Mohammed, Your business would be more successful if you only served in the shop and let your workers make the bread and cakes. Do you agree? Justify your answer
Answers
Answer:
Yes
Explanation:
As the 9wner of business, you will know how to controll your finance than paying someone.
what occurs during the attract stage of the inbound methodology?
Answers
Attract is the initial stage of the inbound marketing process. Using content, SEO, and other techniques, you must entice strangers to your website in this stage so that you can convert them into visitors.
What is fundamental methodology?
The study of research methodologies is methodology in the strictest sense. The phrase can also refer to the techniques themselves or to a philosophical study of the supporting premises. A method is a planned process used to accomplish a particular objective.
The Ten Steps methodology can be applied in any circumstance where the quality of data and information affects critical business demands, such as the strategies, objectives, problems, and opportunities that must be handled to satisfy consumers and deliver goods and services. It was intended for the Ten Steps Process to be.
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The share in the company's profit is called_________.
Answers
Answer:
profit sharing
Explanation:
From Investopia they define profit sharing as
"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."
ou are building a new structure in an area that is zoned commercial. you cannot open for business yet because you failed the inspection for the construction of the bathroom. you are in violation of: select one: a. building codes b. assemblage ordinances c. master plan d. zoning
Answers
You are in violation of building codes.
Building codes are regulations and standards set by local authorities that dictate the minimum requirements for the construction, alteration, and maintenance of buildings. These codes cover various aspects of construction, including structural integrity, electrical systems, plumbing, fire safety, and accessibility.
In this scenario, failing the inspection for the construction of the bathroom means that the construction does not meet the specific requirements outlined in the building codes. As a result, you are unable to open for business until the necessary corrections are made to ensure compliance with the codes.
Zoning regulations, on the other hand, determine the designated land use for different areas (such as commercial, residential, industrial) and dictate how properties can be used. While being zoned for commercial use is relevant to the scenario, the specific violation pertains to the building codes rather than zoning regulations.
Assemblage ordinances refer to regulations related to combining multiple parcels of land, and a master plan is a comprehensive long-term plan for land use and development. Neither of these directly apply to the violation described in the scenario.
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what is the most accurate description of person-organization fit? multiple choice question. the education level of an individual and its relation to the job or tasks she or he performs at work a match between an individual's personality and values and those of the organization the degree to which the organization's culture aligns with its strategic context how much the culture of the organization is related to the firm's long-term financial perspective
Answers
The best way to describe how people and organizations fit together a fit between a person's personality and ideals and the organization's values.
How can a company pinpoint the components of its own culture with accuracy?By outlining its acceptable behaviors, the business is able to pinpoint the components of its culture. This enables them to recognize the numerous factors that control the organization's culture and its influence on the operations of the organization.
Quizlet definition of corporate culture fit.The degree to which a person's values and personality align with the organization's culture is known as person-organization fit.
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Answer: a match between an individuals personality and values and those of the organization
Explanation:
what factors into the opportunity cost for a decision?
Answers
Answer:
Price. Perhaps one of the biggest factors is the price; although this can vary depending on income.
Time. Everyone has the same 24 hours in a day. Whether you’re Bill Gates, Warren Buffett, or your next-door neighbor.
Effort. Time and effort are essentially interlinked. ...
Utility. This is essentially the enjoyment or pleasure that the consumer receives
Explanation:
Select the common noun(s).
Carly Shay thinks that kindness is more important than honesty.
Answers
It's time to think like a manager. Corporate social responsibility is wonderful, though often criticized as purely rhetorical and laden with subtle profit goals. How can a manger emphasize genuineness of corporate social responsibilities and activities in society?
Answers
The correct answer to this open question is the following.
It's time to think like a manager. And more importantly, it is time to act like a manager and became a true leader.
Corporate social responsibility is wonderful, though often criticized as purely rhetorical and laden with subtle profit goals. That is why is so important that a manager could emphasize genuinely that corporate social responsibilities are a priority for the organization.
One good way to prove that and stop critics is to establish a series of programs and actions that benefit the environment and the community and that could be evaluated by the members of the society.
This includes mass media. Yes, the company has to open its doors and be willing and able to show the results of these programs. If the company has nothing to hide, it will have no problem to show its work and be proud of the monetary results as well as the social responsibility results that benefit the community.
A variable that takes on the values of 0 or 1 and is used to incorporate the effect of categorical independent variables in a regression model is called?
Answers
Dependent variables get their name because, in an experiment, their values are examined under the assumption or demand that they are dependent on the significance of other variables according. In turn, independent variables are not thought to depend on any other variables within the context of the experiment in question. Time, space, density, mass, fluid flow, and historical values of some observed value of interest (such as the size of the human population) are some examples of standard independent variables in this meaning (the dependent variable).
By adjusting inputs, also known as regressors, the Independent variables whose variation is being analyzed is always the first of the two. in a logical setting.
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how are wages determined in a free market?
Answers
Answer:
Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. ... Long story short: the price of labor is determined in the free market just like every other price, by the intersection of supply and demand.
Explanation:
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to combat criticism of ceos' high compensation packages, compensation committees are increasingly working with boards of directors to make sure ceo pay is based on
Answers
To combat criticism of CEOs' high/increased compensation packages, compensation committees are increasingly working with boards of directors to make sure CEO pay is based on Company performance.
Company performance is the outcome of work that can be completed by an individual or group of individuals within a company in accordance with their respective authority and responsibility in an effort to achieve company goals in a way that is legal, does not break the law, and does not go against morals and ethics. In line with (Rivai & Basri),
A company's performance is something that was produced during a specific time period in accordance with predetermined standards. The purpose of measuring a company's performance activities is to evaluate how well they perform and produce outcomes.
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PLS NEED HELP IM BEHIND BAD
Answers
Answer:
The first answer
Explanation:
Just took it
Men have often been listened to because they tend to be _____________. a. physically larger than women b. faster than women in races c. awake earlier than women d. louder than women Please select the best answer from the choices provided A B C D
Answers
The reason why men are often listened to is because they tend to be a. physically larger than women.
Why are men often more dominant?Men are physically larger and usually stronger than women thanks to biological changes at teenagehood.
As a result, they usually command more attention when they speak out of fear that they might resort to violence if they don't get their way. This makes them more dominant and likely to be listened to.
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Answer: The correct answer is A. physically larger than women
Explanation: Confirmed correct
Explain 2 differences between financial accountant and management accountant
Answers
Explanation:
There are two primary differences between financial and management accounting. The first difference is that management accounting is presented to a company's internal community, while financial accounting is prepared for an external audience.
On february 2, miles inc. Pays $800 to purchase a one-year insurance policy that will expire next year on january 31. Miles indicates this transaction in its books by recording an $800 reduction in cash and an $800 increase in expenses. Did miles make the proper accounting entries? why or why not?.
Answers
If on february 2, miles inc. Pays $800 to purchase a one-year insurance policy. No miles did not make the proper accounting entries.
What is insurance policy?
Insurance policy can be defined as a coverage that help to cover cost incase of unforeseen circumstance.
Based on the scenario mile did not makes the proper accounting entries based on the following:
Prepaid insurance is not an expense but an asset.Hence, the company should have offset the decrease in cash of the amount of $800 and $800 increase in prepaid insurance into an asset account.Therefore miles did not make the proper accounting entries.
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Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $22 per hour for as
many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the
number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find
depends on the number of hours a day she searches, as shown in the table below:
a. Using this information, compute the lowest price that Zoe would accept per fossil in order to justify her spending more
time collecting fossils and less time working as a wedding photographer.
Instructions: Complete the table below. Enter your responses rounded to the nearest penny (two decimal places).
Hours
per day
1
Lowest price Zoe
Total fossils would accept per
per day
fossil
6
$
2
11
$
3
3
15
$
4
18
$
5
20
$
Answers
The lowest price Zoe would accept per fossil is
Hours per day Lowest price Zoe would accept per fossil
1 $3.67
2 $4.40
3 $5.50
4 $7.33
5 $11
The relationship between the lowest price and the number of fossils collected is called the supply curve.
What is the lowest price Zoe would accept per fossil?
In order to determine the lowest price Zoe would accept per fossil we have to determine the marginal output of fossils per day and then divide the result by $22.
Marginal output of fossils when :
Fossils is 6 per day : 6Fossils is 11 per day : (11 - 6) / (2 - 1) = 5Fossils is 6 per day : (15 - 11) / (3 - 2 = 4Fossils is 6 per day : (18 - 15) / (4 - 3) = 3Fossils is 6 per day : (20 - 18) / (5 - 4) = 2Lowest price :
22/6 = 3.6722/ 5 = 4.422 / 4 = 5.522 / 3 =7.3322 / 2 = 11To learn more about supply curves, please check: https://brainly.com/question/26073189
what distinguishes an unemployed person from one who is not in the labor force?
Answers
An unemployed person actively seeks employment, whereas someone not in the labor force is not actively looking for a job.
What is the key distinction between individuals who are unemployed and those who are not in the labor force?The distinction between an unemployed person and someone who is not in the labor force lies in their active pursuit of employment. While an unemployed individual is actively searching for a job and available to work, a person not in the labor force has chosen not to seek employment or is unable to work due to various reasons such as retirement, full-time caregiving responsibilities, or being a student.
Unemployment is typically associated with individuals who are actively engaged in the job market, actively applying for jobs, and available for immediate employment. On the other hand, individuals not in the labor force have made a conscious decision to opt out of the job search or are unable to participate in the workforce for reasons beyond their control.
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Suppose you are in your first year as a marriage and family counselor and find clients ask you questions about your professionalism and experience. What would be a suggested next step to demonstrate professionalism?
A. receive additional certification
B. give recommendations to clients
C. give resume to clients
D. put license on the wall
Answers
Answer:
c
Explanation:
this would show your clients that you are professinal
Answer:
yea the c one is the correct I know the answer but don't tell me I have copied ok bye...:)
The skills section of the resume should include skills that you've gained both in
school and hobbies but should be skills that are
to what the
employer is looking for.
unrelated
opposite
different
related
Answers
The correct answer is D. Related
Explanation:
When reading the résumé of a candidate, the employer always expects the candidate has skills and knowledge directly related to the job offer, because in most cases, these show the candidate will be able to adapt and work efficiently in the new job. For example, if an employer is looking for an architect the employer is more likely to select a candidate with experience and knowledge in the area. Due to this, every time you apply to a job offer your résumé should include skills that are directly related to the job offer or what the employer is looking for as this gives you more possibilities of being hired.
Part 1: Multiple Choice
Instructions
Choose the answer that best fits each statement below.
1. As you begin your budgeting process, a good place to start is to prepare a
a. Budget variance
b. Budget estimate
c. Budget plan
d. Budget contribution
I
2. What type of expense fluctuates month to month?
a. Emergency
b. Fixed
C. Variable
d. Discretionary
3. Which is an example of a financial statement?
a Bank statement
b Statement of contributions
C. Fixed and variable statement
d. Periodic statement
4. What is it called when you put money aside specifically for use in difficult situations?
a Income fund
b. Opportunity fund
c. Fixed expense fund
d. Emergency fund
Answers
Answer:
1.)a
2.)b
3.)c
4.)c
I think this could be the answer
What type of evidence would provide the highest level of assurance in an attestation engagement?
Answers
Evidence secured solely from within the entity. type of evidence would provide the highest level of assurance in an attestation engagement
What are the levels of assurance engagement?
There are two common levels of assurance engagements that audit firms normally offer and provide. First is the reasonable assurance and the second is limited assurance engagement. Reasonable assurance is normally expressed in a positive form. It is sometimes called positive assurance.
What is assurance and attestation?
Attest, or attestation, is a component of assurance. An individual or company may provide assurance by attesting to the outcome of a focused engagement
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what is the slope of the security market line (sml)? multiple choice question. the expected return on market the risk-free rate of return the market-risk premium the expected return on the market plus the risk-free rate of return
Answers
The correct answer in the context of The slope of the security market line (SML) is the market-risk premium.
The SML or security market line is a graphical representation of the relationship between the expected return on an investment and its level of risk. The slope of the security market line (SML) represents the additional return that investors expect to receive for bearing the additional risk of holding a market portfolio instead of a risk-free asset. This additional return is known as the market risk premium.
The SML shows the additional return that investors expect to receive for bearing additional risk. It is used in modern portfolio theory to evaluate the performance of a portfolio.
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Janet wants to line a block of text on the right what up come in and allow her to do this
a. indet
b. window control
c. justification
d. line and page breaks
Answers
Answer:
I believe the answer would be C. Justification
Explanation:
She would be allowed to do this.
What refers to training and empowering frontline workers to solve a problem immediately?
a. just-in-time
b. poka-yoke
c. benchmarking
d. kaizen
e. service recovery
Answers
e. service recovery refers to the process of addressing and resolving customer issues or problems to restore customer satisfaction and loyalty. It involves training.
empowering frontline workers to promptly and effectively resolve customer concerns or complaints on the spot, without having to escalate the issue or involve higher levels of management.
By providing frontline workers with the necessary training, authority, and resources, organizations aim to enable them to take immediate action and solve customer problems during the customer interaction itself.
Service recovery strategies often include guidelines, procedures, and training programs that equip frontline workers with problem-solving skills, effective communication techniques, and the ability to address customer concerns in a timely and satisfactory manner. By enabling frontline workers to handle and resolve issues on their own, organizations can foster customer trust, loyalty, and long-term satisfaction.
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Which aspect of pork-barrel politics refers to expenditures specifically designated to benefit a politician's local district or constituency
Answers
The aspect of pork-barrel politics that refers to expenditures specifically designated to benefit a politician's local district or constituency is commonly known as "pork-barrel spending" or "pork-barrel projects."
This practice involves the allocation of government funds or resources to finance projects and programs that serve the interests of a particular politician's constituents or geographic region. Pork-barrel spending aims to secure political support and maintain the popularity of the politician within their district. By funding local projects such as infrastructure development, community facilities, or public services, politicians can demonstrate their commitment to addressing the needs and desires of their constituents. This strategy is often employed by incumbents seeking reelection, as it allows them to showcase their ability to bring resources and benefits to their local community.
However, pork-barrel spending has been criticized for several reasons. Critics argue that it can lead to wasteful and inefficient use of public funds, as projects may be selected based on political considerations rather than merit or broader societal needs. It can also perpetuate regional disparities by directing resources to certain districts while neglecting others. Moreover, the allocation of funds for pork-barrel projects can undermine transparency and accountability in government spending.
Despite the criticisms, pork-barrel spending remains a common phenomenon in politics, as politicians seek to balance the demands of their constituents with broader national interests and their own political ambitions.
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Why is finding and implementing the right pricing strategy critical to a company’s success?
Name and describe the two types of value-based pricing methods.
Explain the price-demand relationship. What factors must sellers consider when setting prices in different types of markets?
Answers
Finding and implementing the right pricing strategy is critical to a company's success because it directly impacts its profitability, market positioning, and customer perception.
The right pricing strategy helps a company optimize its revenue, attract customers, maintain a competitive edge, and achieve sustainable growth. Cost-Plus Pricing: This method involves calculating the production costs of a product or service and adding a desired profit margin to determine the selling price. It is a straightforward approach but doesn't consider the perceived value of the product to customers. Perceived-Value Pricing: This method focuses on the value that customers perceive in a product or service and sets the price accordingly. It takes into account factors such as the customer's willingness to pay, competitive pricing, and the unique benefits offered by the product. The price-demand relationship refers to the impact of price changes on consumer demand for a product or service. When setting prices in different types of markets, sellers must consider several factors: Market Competition: The level of competition in the market influences the price a seller can charge. In highly competitive markets, prices tend to be lower, whereas in niche markets with limited competition, prices can be higher. Consumer Behavior: Understanding consumer preferences, price sensitivity, and buying patterns is crucial. Sellers need to consider how changes in price will affect demand and whether customers perceive the product as a necessity or a luxury. Product Differentiation: The uniqueness and value proposition of a product or service impact its pricing. If a product offers distinct features or benefits compared to competitors, it may command a higher price. Economic conditions, market trends, and regulatory factors can influence pricing decisions. Sellers need to consider these external factors when setting prices to ensure profitability and market acceptance.
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You invest $500 in a fund that has shown to have a mean annual increase of $120 per year. If you leave your initial
investment in the account, and invest no additional funds, how much will your account be worth at the end of 25 years?
a) $1,200
b) $2,500
c) $3,500
d) $3,800
Answers
The investment of $500 in a fund, the account at the end of 25 years would be $3,500. The appropriate response is option C.
What is investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person makes an investment, they do not intend to utilize the product immediately; instead, they intend to use it to build wealth in the future.
Stocks, bonds, and cash equivalents are the three main categories into which investments are often divided. Within each category, there are several distinct kinds of investments.
The investment of $500 in a fund, the account at the end of 25 years-
120x25=3000+500=3,500
Hence, option C is an appropriate response.
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Compare these two sections of resumes. Which is more appropriate? a. - Completed nine-hour training course • Ran simulation software, • Used test probe to test over one hundred parts - Started a test plan document. b. Completed nine-hour training course • Ran simulation software • Used test probe to test over one hundred parts • Started a test plan document JURG Fil, Ir. Ob a
Answers
Answer:
the second one
Explanation: