Business, 26.11.2019 06:31 Liah34

Kevin purchases 1,000 shares of bluebird corporation stock on october 3, 2018, for $300,000. on december 12, 2018, kevin purchases an additional 750 shares of bluebird stock for $210,000. according to market quotations, bluebird stock is selling for $285 per share on 12/31/18. kevin sells 500 shares of bluebird stock on march 1, 2019, for $162,500.a. the adjusted basis of kevin's bluebird stock on december 31, 2018, is $. what is kevin's recognized gain or loss from the sale of bluebird stock on march 1, 2019, assuming the shares sold are from the shares purchased on december 12, 2018? kevin's recognized (gain or loss) is $. what is kevin's recognized gain or loss from the sale of bluebird stock on march 1, 2019, assuming kevin cannot adequately identify the shares sold? kevin has a recognized (gain or loss) of $

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:40

Which of the following actions is most likely to result in a decrease in the money supply? a. the discount rate on overnight loans is lowered. b. the government sells a new batch of treasury bonds. c. the federal reserve bank buys treasury bonds. d. the required reserve ratio for banks is decreased. 2b2t

Answers: 2

Answer

Business, 21.06.2019 23:10

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

Answers: 2

Answer

Business, 22.06.2019 05:20

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

Answers: 2

Answer

Business, 22.06.2019 06:30

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Answers: 2

Answer

You know the right answer?

Kevin purchases 1,000 shares of bluebird corporation stock on october 3, 2018, for $300,000. on dece...

Questions