How is the gain/loss calculated if a shareholder has acquired stock at different times and at varying prices?
What will be an ideal response?
A shareholder who has purchased blocks of stock at different times and prices must calculate the gain or loss on each block separately. It is possible to have both gains and losses existing in the same liquidating distribution and for the gains and losses to have different characters.
You might also like to view...
Briefly describe the methods of forecasting future demand
What will be an ideal response?
Rosa introduces Sal to her friend Trey as “my associate.” Sal purports to act as Rosa’s agent in a business transaction with Trey. If Rosa is liable for Sal’s actions, it will be because their relationship is
A. a nullified agency. B. an agency by estoppel. C. an agency by operation of law. D. not an agency relationship.
Duboise Corporation makes a product with the following standard costs:??Standard Quantityor HoursStandard Price or RateStandard Cost Per Unit?Direct materials 9.3 ounces $7.00 per ounce$65.10?Direct labor0.3 hours$21.00 per hour$6.30?Variable overhead0.3 hours $2.00 per hour$0.60The company reported the following results concerning this product in October.?Originally budgeted output1,800 units?Actual output1,900 units?Raw materials used in production18,800 ounces?Actual direct labor-hours580 hours?Purchases of raw materials20,900 ounces?Actual price of raw materials$7.20 per ounce?Actual direct labor rate$21.70 per hour?Actual variable overhead rate$1.80 per hourThe materials price variance is recognized when materials are purchased.
Variable overhead is applied on the basis of direct labor-hours.Required:a. Compute the materials quantity variance.b. Compute the materials price variance.c. Compute the labor efficiency variance.d. Compute the labor rate variance.e. Compute the variable overhead efficiency variance.f. Compute the variable overhead rate variance. What will be an ideal response?
The European Union is a unique economic integration arrangement because it includes common ________ and fiscal policies between countries.
Fill in the blank(s) with the appropriate word(s).