Determining recognized gain or loss

Assignment Help Accounting Basics
Reference no: EM13120695

On April 18, 2010, Jane Juniper purchased 30 shares of Bryan Corp. stock for $1210, and on September 29, 2010, she purchased 90 additional shares for $900. On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?

Reference no: EM13120695

Questions Cloud

How does discrete presentation differ from blending : Many public universities are quite similar to their private counterparts. Indeed, some large state universities receive less than 25 percent of their resources from the state. How, then, can you account for the substantial differences in their rep..
Find probability that response is in favor of death penalty : The probability that the responder is a woman is 0.57. Find the probability that the response is in favor of the death penalty given that the responder is female.
Phone plan-montly cost : The monthly cost of a long distance phone plan in dollars is a linear function of the total calling time in minutes. When graphed, the function gives a line with a slope of 0.11.
Communicates relating to family : Summarizes the messages the work communicates relating to family and social values Discusses the literary elements and structural devices used in the work  Discusses how the work signals that it is based in fact or history, not made up
Determining recognized gain or loss : On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?
Find pdf of time to wait for the first train to arrive : With your start time being random and uniformly distributed in this interval. What is the PDF of the time that you have to wait for the first train to arrive?
Illustrate what is the maximum reaction time of motorist : If the maximum acceleration the vehicle’s brakes are capable of is −6 m/s2, illustrate what is the maximum reaction time of the motorist that will allow her or him to avoid hitting the deer?
Find probabilities in real life : Can you think of situations in the business world or other real life situations where you would need to calculate or estimate probabilities?
Similarity classes : Find all similarity classes of 6x6 matrices over Q with minimal polynomial (x+2)^2(x-1) (it suffices to give all lists of invariant factors and write out some of their corresponding matrices).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Expected value of information

Jeffrey Mogul is a Hollywood film producer and he is currently evaluating a script by new screenwriter and director, Betty Jo Thurston. Jeffrey knows that the probability of a film by a new director being a success is about .10 and the probability..

  Explaining complex methodology

Describe a business situation where you have had to explain a complex problem or solution to a client or colleague. Describe the situation, your approach, and the outcome:

  Question on securities and exchange commission

What is the Securities and Exchange Commission? How does it affect financial decision-making? What constraints might it put on the company?

  Summary of asset treatment in business

Write a summary of asset treatment in a business. Examine the aspects of acquisition, depreciation, revising periodic depreciation, expenditures during useful life, and the three different means of disposal.

  Valuation by us gaap and ifrs

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, briefly:

  Reallocation of fixed costs

If a division is reporting losses, does that necessarily mean that it must be closed? Was the reallocation of the fixed costs across divisions unethical?

  Ethical code in cost & management accounting

Ethical Code in cost & Management Accounting,  CIMA has provided the following as elements of code of conduct to be followed by cost and management accounts. Define and explain them in relation to cost and Management Accounting.

  Equity securities-expressing losses

Boulter, Inc. began business on January 1, 2006. At the end of December 2006, Boulter had the following investments in equity securities:

  Weighted average costs of capital of china corporation

China Corp. has a current capital structure of $18 million in secured bonds paying 6.5% annual interest, $8 million in preferred stock with a par value of $50 per share and an annual dividend of $3.80 per share

  Accounting cycle-sample financial statements

Collect the 4 main financial statements from credible sources (newspaper, peer-reviewed journals, investor relations, web sites or annual reports. Create a flow chart that illustrates the steps in the accounting cycle.

  Fasb versus gasb

FASB has special rules for reporting on private health care organizations. And of course, if the health care organization is associated with government (as an SPE), then GASB rules. What are the similarities and differences in the accounting pract..

  Entries of operating lease and capital lease

Prepare the appropriate journal entry to be made by Bayfield Company for the first lease payment. Prepare the journal entry to record the lease agreement on the books of Josh inc. on January 1, 2008

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