Penny, a cash-basis taxpayer, reported a $15,000 long-term capital gain on the exchange of her Midwest Corporation stock when the corporation liquidated in 2016. Midwest subsequently lost a lawsuit and Penny paid an additional $3,000 in 2018 as her part of the settlement. What are the tax consequences to Penny in 2018 of the $3,000 additional payment she made?
What will be an ideal response?
The $3,000 that she paid personally is treated in 2018 as a long-term capital loss.
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Which is an example of a contraction?
a. its b. couldn't c. ACLU
Government is typically a ________
A) net provider of funds because it borrows more than it saves B) net demander of funds because it borrows more than it saves C) net provider of funds because it can print money at will D) net demander of funds because it saves more than it borrows
The weighted average cost of capital for a firm is the:
A) discount rate which the firm should apply to all of the projects it undertakes. B) overall rate which the firm must earn on its existing assets to maintain the value of its stock. C) rate the firm should expect to pay on its next bond issue. D) maximum rate which the firm should require on any projects it undertakes. E) rate of return that the firm's preferred stockholders should expect to earn over the long term.
Jones Soda is positioned as the anti-Coke. In the early years, few mainstream retailers sold Jones soda. Fans had to get their Jones fix in surf shops, tattoo parlors, and bookstores, adding to the brand's mystique. Jones Soda used its _____ to create a competitive advantage.
A. channel ascendancy B. distribution channel C. channel conflict D. channel focus E. vertical integration