Answer:
Peyton's basis in the stock is $60,000
Explanation:
The transaction is a tax- free exchange which means that the transaction is exempt from any income taxation.
To find out the Peyton's basis in the stock we will Subtract the Fair-market value of the transferred property to the Deferred gain.
= 100,000 – 40,000
= $60,000
Answer: a.do not violate the law of demand because your preference for the product changed after you experienced the good.
Explanation:
Tastes and preferences are one of the determinants of demand. The way a person feels about a product can determine if they want more of it or less and this therefore affects demand for products.
You <em>preferred</em> the Uber ride to driving yourself and so were willing to pay more for it so the law of demand was not violated.
Answer:
a. by projecting downward from the neckline, the vertical distance from the top of the head to the neckline
Explanation:
- Top pattern of head and shoulders Simple and commonly used pattern by trader in technical analysis. The trader under this model is well aware of what they are looking for.
- This type of model is available throughout the day, so investors and traders use this model for msking investments. This type of chart provides benefits such as stopping orders for easy trading, price targets and minimizing losses in trading.
- The minimum negative value from the head and shoulder top pattern is provided below the projection neckline, which is the vertical distance from the top of the head to the neckline.
Answer:
$12,600
Explanation:
Annual Dividend to preferred stock = $1,140,000 × 7%
= $79,800
A schedule of preferred stock dividend in Arrears is as follows :
Dividend Paid Arrears
2016 $79,800 $54,000 $25,800
2017 $79,800 $54,000 $51,600
2018 $79,800 $131,400 0
Dividends of $131,400 has to be paid in 2018 to cover all the arrears.
Principle : Preference dividends (and their arrears if cumulative) are paid first before dividends distribution to common stock holders.
Common Stock Holders receive the remaining amount of dividends of $12,600 ($144,000 - $131,400)