Common stock and transaction

Assignment Help Accounting Basics

Reference no: EM13157331

On April 18, 2010 Jim sold 300 shares of Redwood Corporation common stock for $8400. Jim acquired the stock in 2006 at a cost of $10000. On May 9, 2010 he repurchased 150 shares of Redwood corporation common stock for $3600 and held them until August 25th when he sold them for $6000. How should Jim report the above transaction for 2010?

Reference no: EM13157331

Questions Cloud

Run the simulation model for hammondsport saving : Run the simulation model for Hammondsport Savings Bank's single ATM machine with the following assumptions: 1. Interarrival time between two customers is a uniform probability distribution

Estimate the concentration of the hcl solution : The volume of NaOH added at the equivalence point was 5.15 mL. Calculate the concentration of the HCl solution

Which of these above cells would have the hardest time : Now let's make an organism that is two cubes in each direction: two high, two wide and two deep. a. Are there any cubes in this larger cube that still have all six surfaces exposed?

Illustrate the overall value of computing services : they have the same demand curve for computer services. Use a graph to illustrate the overall value of computing services to the consumer. What does this imply about the profit maximizing price HAL can charge for the computer hardware.

Common stock and transaction : On April 18, 2010 Jim sold 300 shares of Redwood Corporation common stock for $8400. Jim acquired the stock in 2006 at a cost of $10000. On May 9, 2010 he repurchased 150 shares of Redwood corporation common stock for $3600 and held them until Aug..

Determine which should be selected on the basis of rate : The manager of a canned food processing plant is trying to decide between two labelingmachines. Determine which should be selected on the basis of rate of return with a MARR of 20%per year.

Concepts of direct, inverse, and joint : How are these concepts of direct, inverse, and joint variation used in everyday life? Provide examples for each.

Statement of financial position presentation for each bond : Mclain corporation sold 6.000.000, 9%, 10years bonds on january 1, 2014. the bonds were dated january 1, 2014, and pay interest on july 1 and january 1. McLain corporation use the straight line method to amortize bond premium or discount. assume no i..

What is the relative frequency of each genotype : Assume complete dominance and that B is the allele for dark hair and b the allele for light hair. Based upon the Punnett square requested in question A , what are the possible phenotypes for each genotype possible in the offspring? What is the fre..

User Account

All Pages