What amount does John realize

Assignment Help Accounting Basics
Reference no: EM132550379

Question - John bought 1,850 shares of Intel stock on October 18, 2015, for $47 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $68.00 per share. He also incurs a $1,000 fee for this transaction. What amount does John realize when he sells the 1,850 shares?

Reference no: EM132550379

Questions Cloud

Since costs are higher in monopolistic competition : " Since costs are higher in the monopolistic competition, society clearly be better off in such industries with the pure competition."
Define patient satisfaction and patient safety : Reflect on your current or future role in healthcare. How you would you, in the role of director of nursing or healthcare administrator contribute to improving.
Increasing turbulence in the external business environment : Discuss with reference to appropriate literature sources, the extent to which the creation, sharing and utilization of knowledge is central to this resource
Why is a high rate of inflation regarded as a bad : Is the main problem with inflation that higher prices reduce our purchasing power as consumers?
What amount does John realize : On December 12, 2019, he sells the shares for $68.00 per share. What amount does John realize when he sells the 1,850 shares
How is the inventory described : Your SEC 10-K company should have accounts receivable and inventory, How is the inventory described? Who owes money to your SEC 10-K company?
Analyse the impact of the accomodating monetary policy : Analyse the impact of the accomodating monetary policy on output in the economy, holding all other variables constant, with the aid of the open economy
Entrepreneurial venture specializing in glam-studded clothes : Glamajama is an entrepreneurial venture specializing in glam-studded clothes for babies, toddlers, and women
What is gain loss for John on the sale of his Intel stock : John bought 1,850 shares of Intel stock on October 18, 2015, What is gain loss for John on the sale of his Intel stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the following accounts would not appear on a

which of the following accounts would not appear on a balance sheet?equipmentinterest payableinterest revenueretained

  An aging of a companys accounts receivable indicates that

an aging of a companys accounts receivable indicates that 4500 are estimated to be uncollectible. if allowance for

  Prepare the journal entries for cheyenne

full payment is made to Cheyenne. Prepare the journal entries for Cheyenne in 2017 related to this arrangement

  In addition to the expenses listed above kim could have

during the current year kim incurs the following expenses with respect to her beachfront condominium in hawaiiitems

  Distinguish between major and nonmajor programs

With respect to the Single Audit Act of 1984 and amendment of 1996 relating to state and local governments and not-for-profit organizations.

  Explain the competition and audit proposals

Competition and Audit Proposals. Accounting firms are often asked to present "proposals" to companies' boards of directors.

  What is the amount and character of the income

The trust instrument requires that all income be distributed at least annually, 30% to Jane and 70% to Joe. What is the amount and character of the income

  What much should be recorded as bad expense by McGlone

What should McGlone report as its Allowance for Doubtful Accounts at 12/31/12? What much should be recorded as bad expense by McGlone

  Venture consultants power demolition co and warnerwood cases

Venture Consultants, Power and Demolition Company, and Warnerwood Accounting Cases Complete all three accounting cases: Venture Consultants, Power and Demolition Company, and Warnerwood. You will then present Parts 1, 2, and 3 of the Portfolio Projec..

  Compute the basic earnings per share for the boeing company

Compute the basic earnings per share for the Boeing Company. What method does the company use to report net cash flows from operating activities

  Prepare the adjusting entries to record bad debt expense

Prepare the adjusting entries to record bad debt expense, assuming that the estimate of uncollectibles is determined by taking

  Last year gransky corporations variable costing net

last year gransky corporations variable costing net operating income was 52100 and its ending inventory increased by

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