subject
Business, 23.07.2019 03:20 nayelimoormann

Gar purchased 1,000 shares of pat corporation common stock at $5 per share in year 1. on september 19, year 4, he received 1,000 stock rights entitling him to buy 250 additional shares of pat corporation common stock at $10 per share. on the day that the rights were issued, the fair market value of the stock was $12 per share ex-rights and that of the rights was $1 each. gar did not exercise the rights; he let them expire on november 28, year 4. what should be the loss that gar can report for year 4?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 07:40
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
question
Business, 22.06.2019 08:30
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 3
question
Business, 22.06.2019 21:50
Abus pass costs $5 per week. which of the following equations shows the total cost in dollars, t, of the bus pass for a certain number of weeks, w? t = 5w w = 5t t = 5 + w w = 5 + t
Answers: 3
question
Business, 22.06.2019 23:40
When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.
Answers: 2
You know the right answer?
Gar purchased 1,000 shares of pat corporation common stock at $5 per share in year 1. on september 1...
Questions
question
Mathematics, 29.01.2021 23:40
question
Mathematics, 29.01.2021 23:40
question
Biology, 29.01.2021 23:40
question
History, 29.01.2021 23:40
question
Geography, 29.01.2021 23:40
question
Mathematics, 29.01.2021 23:40
question
Mathematics, 29.01.2021 23:40