Tyree Frederick

Business

15 July, 00:19

Chrissy receives 200 shares of chevron stock as a gift from her father. the stock cost her father $9,000 10 years ago and is worth $10,500 at the date of the gift.

a. if the stock is sold for $12,500, calculate the amount of the gain or loss on the sale. $

b. if the stock is sold for $4,600, calculate the amount of the gain or loss on the sale

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Chrissy receives 200 shares of chevron stock as a gift from her father. the stock cost her father $9,000 10 years ago and is worth $10,500 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Two firms compete by advertising. Given the payoff matrix to this advertising game, identify each firm's best response to its rival's possible actions.

Following the formation of a corporation, which of the following terms best describes the process by which the promoter is released from, and the corporation is made liable for, preincorporation contractual obligations? A. Assignment. B. Novation. C.

If a firm manager has a base salary of $100,000 and also receives 5 percent of all profits, what percentage of his/her final income will be from a profit-sharing plan when profit equals $1,500,000

Managerial accounting reports could NOT be described as A : relevant to the decision being made. B : reports issued as frequently as the need arises. C : internal reports. D : providing general-purpose information for all users.

Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in beginning work in process inventory (30% complete). During the period, 71,000 liters were completed.

New Questions in Business

In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (the bite), the French say pot-de-vin (jug of wine), and Italians speak of the bustarella (little envelope).

Businesses that engage in ultrahazardous activities are strictly liable for any injuries. a. True b. False

Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?

The most serious derailment pattern for leaders seeking promotion is:

Which of the following statements is false about wind power? A. It is a clean source of energy B. It is most profitable in areas that have fairly continual winds C. It is the least competitive of all forms of renewable energy, in terms of cost D.