User Account

All Pages

How much is his capital gain

Assignment Help Accounting Basics
Reference no: EM133177742

Question - Jason purchases a $10,000 corporate bond in 2019. He purchases the bond at a price of 97.00 and his total outlay is $9,860.00. In 2020 he sells the bond at a price of 101.50 and receives $10,650. Assuming Samir paid no commissions to buy or sell the bond, how much is his capital gain?

A) $450

B) $150

C) $790

D) $395

Reference no: EM133177742

Questions Cloud

What is the npv of the investment : At that point they feel that the market for the product will dry up, Their weighted average cost of capital is 7.5%. What is the NPV of the investment
What is harry capital balance : Harry invests $40,000 for a one-fourth interest in a partnership in which the other partners have capital totaling $80,000. What is Harry capital balance
Discuss differences between an audit and a review engagement : Presented below are the balance sheet items for KAPS Inc. Discuss four differences between an audit and a review engagement
Personal and professional development plan : As a professional, you will need to have a Personal and Professional Development Plan once you graduate with your MBA. Completing your MBA is great, but you sti
How much is his capital gain : In 2020 he sells the bond at a price of 101.50 and receives $10,650. Assuming Samir paid no commissions to buy or sell the bond, how much is his capital gain
Record any depreciation for the year ended june : Mozart Ltd uses straight-line depreciation over a 5 year period for all machinery. Record any depreciation for the year ended 30 June 2022
Record the june transactions in the relevant journals : Record the June transactions in the relevant journals (round amounts to the nearest $). Total all special journals. Ignore narrations in the general journal
Record the june transactions in the relevant journals : Record the June transactions in the relevant journals (round amounts to the nearest $). Total all special journals. Ignore narrations in the general journal
Calculate the share of the profit each partner receive : Assuming the partnership's profit was $200,000 for the year, calculate the share of the profit each partner should receive

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine cost of units used and value of the closing stock

ACCOUNTING ASSIGNMENT - Determine the cost of units used and the value of the closing stocks using FIFO, LIFO and Weighted Average

  What is molly current monthly volume

When Molly Lai purchased the Clean Clothes Corner Laundry, she thought that because it was in a good location near several high-income neighborhoods.

  What is the interest expense that the analyst would record

In the event that XYZ Corp is found to be liable, damages of 65000 have to be paid. What is the interest expense that the analyst would record

  Identify the type of audit opinion report that you provide

You are auditing Everest Company Ltd for the first time. Identify the type of audit opinion report that you should provide. Give reasons

  Discuss the related federal income tax effects

Discuss the related Federal income tax effects. Assume that there was no corporate note (i.e., only an account payable)

  What is the future value of periodic payments

Question - What is the future value of 18 periodic payments of $8,590 each made at the end of each period and compounded at 10%

  Prepare the entries for the declaration and issuance

Coronado Corporation has 51,000 shares of $13 par value common stock outstanding. Prepare the entries for the declaration and issuance

  Calculation of the monthly instalment

You are required to answer the following questions. Show all workings, and show all answers correct to the nearer cent. Accuracy and presentation are important. (a) Verify the bank's calculation of the monthly instalment of $4,510.11.

  What mathematical operations would be used

Spreadsheet software can be used to determine the amount of simple interest owed on a 30 day note. What mathematical operations would be used?

  Record the accrual of the monthly payroll

The following data are taken from Stockton Wholesale Company's May payroll: Record the accrual of the monthly payroll

  Construct the monthly budgets for Sunrise Inc

Construct the following monthly budgets for Sunrise Inc. for the three months from January 2022 to March 2022: Cash budget

  Calculate the annual difference

Calculate the annual difference between the cash flow and the deductibility for tax purposes of the purchase of $10,000 of office furniture.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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