During 2018, Tom sold Sears stock for $31,000. The stock was purchased 4 years ago for...
During 2018, Tom sold Sears stock for $31,000. The stock was purchased 4 years ago for $43,400. Tom also sold Ford Motor Company bonds for $108,500. The bonds were purchased 2 months ago for $92,225. Home Depot stock, purchased 2 years ago for $3,100, was sold by Tom for $4,650.
Homework Answers
| Sears | 31,000 - 43,400 | $ -12,400 | Long term loss | Duration is 4 years |
| Home Depot | 4,650 - 3,100 | $ 1,550 | Long term gain | Duration is 2 years |
| Ford | 108,500 - 92,225 | $ 16,275 | Short term gain | Duration is 2 months |
| $ 5,425 | Short term gain |
Add Answer to:
During 2018, Tom sold Sears stock for $31,000. The stock was
purchased 4 years ago for...
What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, and Net Capital Gains...
What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, and Net Capital Gains (LO 4.1, 4.2, 4.3) During 2018, Tom sold Sears stock for $20,200. The stock was purchased 4 years ago for $28,280. Tom also sold Ford Motor Company bonds for $70,700. The bonds were purchased 2 months ago for $60,095. Home Depot stock, purchased 2 years ago for $2,020, was sold by Tom for $3,030. -Calculate Tom's net gain or loss, and indicate the nature...
The Nelsons sold the following assets during this year: a. 4/4/2018 sold for $20,000 stock in Yor...
The Nelsons sold the following assets during this year: a. 4/4/2018 sold for $20,000 stock in York Co. that was purchased for $11,500, on 2/14/2009 Exam 2 – Take Home b. 7/1/2018 200 shares of New Co. for $32,000 total that were purchased on 8/7/2017 for $13,500. c. 7/15/2018 150 shares of City Co for $12,000 total that were purchased for $13,250 on 1/18/2018 d. 8/5/2018 sold for $27,000 an antique necklace that Jeannie inherited from her great-aunt on January...
Tom purchased 100 shares of Dalia Co. stock at a price of $121.10 four months ago....
Tom purchased 100 shares of Dalia Co. stock at a price of $121.10 four months ago. He sold all stocks today for $122.48. During the year the stock paid dividends of $6.63 per share. What is Tom’s effective annual rate? Round the answers to two decimal places in percentage form.
1a) You purchased a share of stock for $35.40 seven years ago and just sold it...
1a) You purchased a share of stock for $35.40 seven years ago and just sold it today for $58.37. No dividends were paid out over the seven years but you did receive an accumulated dividend of $5.80 when you sold the stock. What is your (a) Dollar gain or loss; (b) HPR; (c) Simple annual return; and (d) Compound annual return? 1b) You bought a stock for $60.54 and sold it 5 months later for $68.95 with no dividends paid....
Record the following 2018 transctions for the Sears Corporation in the journal. Additional information you will...
Record the following 2018 transctions for the Sears Corporation in the journal. Additional information you will need: when Sears began operations several years ago, they were authorized to issue 200,000 shares of 7%, $100 par value preferred stock and 6,000,000 shares of $4 par value common stock. Jan. 1 Issued 500,000 shares of common stock for cash at $11 per share. Feb. 2 Issued 30,000 shares of preferred stock for cash at $105 per share. Mar. 3 Declared a cash...
PART A-Record the following 2018 transctions for the Sears Corporation in the journal. Additional information you...
PART A-Record the following 2018 transctions for the Sears Corporation in the journal. Additional information you will need: when Sears began operations several years ago, they were authorized to issue 200,000 shares of 7%, $100 par value preferred stock and 6,000,000 shares of $4 par value common stock. Jan. 1 Issued 500,000 shares of common stock for cash at $11 per share. Feb. 2 Issued 30,000 shares of preferred stock for cash at $105 per share. Mar. 3 Declared a...
11 years ago you purchased GDL stock for $26.0. Today, you sold the stock for $36.3....
11 years ago you purchased GDL stock for $26.0. Today, you sold the stock for $36.3. What is your annualized rate of return on this investment? Your answer must be in decimals (0.1000 is correct, NOT 10.00%). Round your answer to 4 decimals.
Vivian and Victor have the joint income of $120,000 in 2018. Three years ago they purchased...
Vivian and Victor have the joint income of $120,000 in 2018. Three years ago they purchased 200 shares of stock at $30 a share. In 2018, they sold the 200 shares for $42 a share. What is the amount of federal income tax they owe as a result of this sale?
Question 4 2 pts 5 years ago you purchased GDL stock for $27.6. Today, you sold...
Question 4 2 pts 5 years ago you purchased GDL stock for $27.6. Today, you sold the stock for $28.7. What is your annualized rate of return on this investment? Your answer must be in decimals (0.1000 is correct, NOT 10.00%). Round your answer to 4 decimals. D Question 5 2 pts You will deposit $400 per year for the next 5 years. You expect the interest rate 1 year from now to be 6%, 2 years from now to...
Becky Bell owned common stock in a corporation that she purchased two years ago for $25,000....
Becky Bell owned common stock in a corporation that she purchased two years ago for $25,000. On June 6, 2018, Becky sold the stock for its $11,000 fair market value to her son, Max Monroe. On December 19, 2018, Max sells the stock to an unrelated party for its $13,000 fair market value. How much gain or loss will Becky and Max recognize on their respective income tax returns for 2018?
11 years ago you purchased GDL stock for $26.0. Today, you sold the stock for $36.3. What is your annualized rate of return on this investment? Your answer must be in decimals (0.1000 is correct, NOT 10.00%). Round your answer to 4 decimals.
Question 4 2 pts 5 years ago you purchased GDL stock for $27.6. Today, you sold the stock for $28.7. What is your annualized rate of return on this investment? Your answer must be in decimals (0.1000 is correct, NOT 10.00%). Round your answer to 4 decimals. D Question 5 2 pts You will deposit $400 per year for the next 5 years. You expect the interest rate 1 year from now to be 6%, 2 years from now to...
Most questions answered within 3 hours.
-
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 28 minutes ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 30 minutes ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 36 minutes ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 40 minutes ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 50 minutes ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 58 minutes ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 56 minutes ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 59 minutes ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 1 hour ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 1 hour ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 1 hour ago -
Inheritance pattern in BRCA 1
Describe the inheritance pattern of BRCA 1 Is it recessive or...
asked 1 hour ago