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Question - Ralph Inc. is a large publicly traded corporation with shares trading at $16 per share on April 1. On April 1, George, Inc. a C Corporation buys 1,000 shares of Ralph common stock for $16 per share (less than 5% of Ralph's stock). On Oct. 1, Ralph declares a $3 per share dividend payable on Oct. 31 with an ex-dividend date of Oct. 10, Ralph has ample E&P available to cover this dividend. George Inc collects its $3,000 dividend on Oct. 31 and sells all of its Ralph stock for $13,000 on Nov. 3. George has earned substantial capital gains on other investments during the year and George has over $2 million in taxable income this year. How much gain or loss will Homer recognize on its Nov. 3 sale of Ralph stock.
a. No gain
b. $1,050 loss
c. $1,500 loss
d. $3,000 loss
you are considering two independent projects a a project b. the intitial cash outlay associated with project a is 50000
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