An individual shareholder owns 3,000 shares of Baxter Corporation common stock with a basis of $10 per share. She receives a nontaxable 5% stock dividend. The basis per share of the common stock after the stock dividend is
A. $9.52.
B. $9.50.
C. $9.00.
D. $10.00.
Answer: A
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Proceeds of $48,750 were received from discounting a $50,000, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was
A) 6.25% B) 10.00% C) 10.26% D) 9.75%
A disadvantage of hiring local managers is that they are often ______ with the home country of the IC and with its corporate culture, policies, and practices.
Fill in the blank(s) with the appropriate word(s).
The performance measurement known as line fill rate measures
A. the percentage of item stocking types on the order shipped on time and complete. B. the value of goods shipped on time versus the line item value of the order. C. the value of the line items that have shipped on time. D. the percentage of an order shipped on time and complete. E. the percentage of the total number of items on the order that the firm shipped on time.
If a company is considering the purchase of a parcel of land that was acquired by the seller for $102,000, is offered for sale at $184,000, is assessed for tax purposes at $112,000, is recognized by the purchaser as easily being worth $174,000, and is purchased for $171,000, the land should be recorded in the purchaser's books at:
A. $112,000. B. $174,000. C. $172,500. D. $184,000. E. $171,000.