In which company is the total value of her share greater? Explain.
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1. Marilyn owns 1,000 shares of a company at Php.840 per share. She also owns 10,000 shares of another company at Php.240 per share. In which company is the total value of her share greater? Explain.
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- Marilyn owns 1,000 shares of a company at 840 pesos per share. She also owns 10,000 shares of another company at 240 pesos per share. In which company is the total value of her share greater? Explain and defend your answer.Marilyn owns 1,000 shares of a company at 840 pesos per share. She also owns 10,000 shares of another company at 240 pesos per share. In which company is the total value of her share greater? Explain and defend your answer. Pls don't copy answer i give up vote3. Millet purchases 340 shares of De Leon Company common stock at ₱5,230 per share. A few months later, she sells the shares at ₱6,100. Her stockbroker charges 4.3% commission on round lots and 4.9% on odd lots. Compute for the following: a. Total cost b. Proceeds c. Gain or loss on the transaction
- 4. Sharlene purchases 280 shares of SJS Corporation common stock at ₱6,400 per share. A few months later, she sells the shares at ₱7,000. Her stockbroker charges 4.9% commission on round lots and 5.6% on odd lots. Calculate the following: a. Total cost b. Proceeds c. Gain or loss on the transactionHow much will Mira receive if the net income earned is P 155,000? Using information in number 7, except that the company incurred net loss of P 9,200, compute for the share of each partner.(1a) How much gain (loss) will Gloria realize on the contribution of the assets to YCI? (1b) How much gain (loss) will Gloria recognize on the contribution of the assets to YCI? (1c) What will be Gloria’s basis in the 16,800 shares of YCI common stock he receives?
- Required: 1. How much will Mira receive if the net income earned is P 155,000? * 2. Except that the company incurred net loss of P 9,200, compute for the share of each partner. *Mary owns 5, 000 shares of stocks from Inter-Pacific Company. The shares were purchased at ₱47.45 per share and were sold at the closing price of ₱48.59. How much is the profit (loss) on the sale of the stock? a. ₱5, 800 b. ₱5, 600 c. ₱5, 700 d. ₱5, 500X, owns an idle land worth 1M. X works in MCDO as an accounting manager. He decided to exchange the land to shares of stocks of MCDO, a domestic corp. for 10,000 shares with value of 1.2M. As a result, X obtains control, having 90% interest, in the corporation. What is the CGT? a. 6% of 1.2M b. 6% of 200,000 c. 6% of 1M d. None of the above
- 8. A, an individual, owns all 100 shares of X Co. A's basis in these shares is $1 per share ($100 total). 8b) Suppose instead that there are 2 shareholders, A and B. Each owns 50 shares of X Co. A transfers all 50 shares to X in exchange for cash of 50. How will this transaction be treated?____ 44. A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of income realized from the sale? a. $0 b. $5,000 c. $2,500 d. $10,000 ____ 45. A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm. As a result of this transaction, the capital account balance of the other partners in the partnership a. will increase b. will decrease c. will remain the same d. may increase, decrease, or remain the same ____ 46. What is the total stockholders' equity based on the following account balances? Common Stock $400,000 Paid-In Capital in Excess of Par 40,000 Retained Earnings 190,000 Treasury Stock 20,000 a. $640,000 b. $630,000 c. $610,000 d. $650,000 ____ 47. X and Y have original…X, owns an idle land worth 1M. X works in MCDO as an accounting manager. He decided to exchange the land to shares of stocks of MCDO, a domestic corp. for 10,000 shares with value of 1.2M. As a result, X obtains control, having 90% interest, in the corporation. What is the CGT?