Brown corporation has 1000 shares of common stock

Assignment Help Accounting Basics
Reference no: EM13388368

Brown Corporation has 1,000 shares of common stock outstanding. Bob owns 300 of the shares, Bob's mother owns 300 shares, Bob's daughter owns 50 shares, and Bob's sister owns 50 shares. Black Corporation owns 200 shares. Bob owns 70% of the stock in Black Corporation.

a. Applying the stock attribution rules applicable in the case of a stock redemption, how many shares does Bob own in Brown Corporation?

b. Assume Bob owns only 45% of Black Corporation. How many shares does Bob own, directly or indirectly, in Brown Corporation?

c. Assume Bob owns 40% of BZ Partnership and that the partnership owns 100 shares in Brown Corporation. How many shares does Bob own in Brown Corporation assuming the same facts as in a., above, augmented by BZ's ownership of Brown shares?

Reference no: EM13388368

Questions Cloud

Why is passion such an important characteristic of : dq1.why is passion such an important characteristic of successful entrepreneurs? what is it about passion that makes it
A marketing research firm is discussing the possibility of : 1. nbsp a marketing research firm is discussing the possibility of a major project for a real estate company. nbspthe
The target capital structure for jowers manufactoring is 47 : the target capital structure for jowers manufactoring is 47 common stock 10 prefered stock and 43 debt. if the cost of
Firm sells its product in the perfectly competitive market : firm sells its product in a perfectly competitive market where other firms charge a price of 80 per unit. the firms
Brown corporation has 1000 shares of common stock : brown corporation has 1000 shares of common stock outstanding. bob owns 300 of the shares bobs mother owns 300 shares
If dynamo wishes to change its capital structure from 75 : mampm proposition 1 dynamo corp. produces annual cash flows of 150 and is expected to exist forever. the company is
Discuss employment issues facing the public relations field : nbsp1 nbsp nbsp nbspdiscuss the importance of image to an organization.nbsp2 nbsp nbsp nbspdiscuss employment issues
Twenty-five thousand shares reacquired by elixir : twenty-five thousand shares reacquired by elixir corporation for 53 per share were exchanged for undeveloped land that
Allowance method analysis of receivables at a january 20x2 : allowance method analysis of receivables. at a january 20x2 meeting the presinotdent of sonic sound directed the sales

Reviews

Write a Review

Accounting Basics Questions & Answers

  Partnerhip items for tax year

The partnership paid gauranteed payments to Simone of $1000 and $2000 per month during the fiscal years ended September 30, 2010 and 2011. How much will Simone's adjusted gross income be increased by these partnerhip items for her tax year ended D..

  Forecasting recurring revenue

I understand that non-recurring items such as adjustments for changes in accounting methods, extraordinary gains/losses, income from discontinued operations, etc. must not be included. However, what items should I address?

  Contribution margin of central valley company

The Central Valley Company is a merchandising firm that sells a single product. The company's revenues and expenses for the last three months are given below:

  Cumulative temporary differences

At December 31, 2006, DePaul Corporation had a $16 million balance in its deferred tax asset account and a $68 million balance in its deferred tax liability account. The balances were due to the following cumulative temporary differences:

  Analyze an ethics decision made by operations managers

Write a 500-700-word assignment in which you define operations management and analyze an ethics decision made by operations managers in your organization or in an organization with which you are familiar.

  What can we do as negotiators to prevent this from happening

communication can be distorted unintentionally as a result of the existence of some cultural differences. In today's global and multi-cultural world that we live in, the opportunity for these language distortions obviously can occur in negotiation..

  Production cost flow-measurement

Edison Company manufactures wool blankets and accounts for production costs using process costing. The following information is available regarding its May inventories.

  Discussing factors to consider when choosing accounting

Prepare a memo discussing the factors to consider when choosing accounting software. Be sure to discuss why each factor is important, as well as the risks of not considering each factor.

  Calculate the total cost of the items

Mary is buying several items that cost $128.25 total. She is using a store coupon for 35% off her purchases. She has to pay 4% sales tax. Calculate the total cost of the items.

  Risk-free asset-plotting attainable portfolios

Suppose a risk-free asset has an expected return of 5%. By definition, its standard deviation is zero, and its correlation with any other assets is also zero. Using only Asset A and the risk-free asset, plot the attainable portfolios.

  Stockholders equity section

Complete the stockholders' equity section of Milo's Company's balance sheet at December 31, 2010 below.

  Amount of the second distribution

Greg, a cash method of accounting taxpayer, owns 100 shares of Parker Corporation stock with a basis of $20,000. Greg receives two liquidating distributions of $8,000 on March 3 of last year, and $8,000 on August 8 of this year. The amount of the ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd