Ten years ago, Fatima Farhoudi purchased 5,000 shares of Sallcik Inc at $2 per share If the market value of each share is now $22, what is the capital gain that she will realize if she sells her shares at the current market price ...

Fatima originally paid 2 x 5000 10000 ...

Ten years ago, Fatima Farhoudi purchased 5,000 shares of Sallcik Inc. at $2 per share. If the

Fantastic news! We've Found the answer you've been seeking!

Question:

Ten years ago, Fatima Farhoudi purchased 5,000 shares of Sallcik Inc. at $2 per share. If the market value of each share is now $22, what is the capital gain that she will realize if she sells her shares at the current market price?

Related Book For answer-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

See More Books

Posted Date: Mar 06, 2024 11:50 AM

See More Questions

Nextgen Corporation has its head office in Sydney and operates throughout Australia and New Zealand. There are three main divisions: . Newspaper division which owns leading tabloid newspapers in...
1. A bond that matures in fourteen years with a maturity value of $1,000 pays a coupon of 6.5% paid annually. The bonds YTM is 11.25%. What is the market price of the bond? 2. Mycors 15-year,...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
What are the different relays that employed for protection of apparatus and transmission lines?
On May 1, 2017, Park Flying School Ltd., a company that provides flying lessons, was started with an investment of W45,000 cash in the business. Following are the assets and liabilities of the...
Suppose we introduce one carbon atom for every 100 iron atoms in an interstitial position in BCC iron, giving a lattice parameter of 0.2867 nm. For the Fe-C alloy, find the density and the packing...
Refer to the information in QS 13-4. Use that information for Tide Corporation to determine the 2016 and 2017 common-size percents for cost of goods sold using net sales as the base. Data From QS...
The City of Graftons records reflected the following budget and actual data for the General Fund for the fiscal year ended June 30, 2012. 1. Estimated revenues: Taxes (Property) ..... $3,000,000...
5. An investigator measuring various characteristics of a large group of athletes found that the correlation between the weight of an athlete and the amount of weight that athlete could lift was...
On January 1, 2010, Porter Company purchased an 80% interest in the capital stock of Salem Company for $850,000. At that time, Salem Company had capital stock of $550,000 an retained earnings of...
You want to endow a scholarship that will pay $11,000 per year forever, starting one year from now. If the school's endowment discount rate is 5%, what amount must you donate to endow the...
Does a single individual making $500,000 pay the same marginal tax rate as another making $1 million? Explain.
How would you improve the popularity of LOB in the United States?
Must a contractor accept and perform all the work involved in each contract change order? Is there a limit to the number or magnitude of change orders that can be applied to a contract? When can a...
Prepare a punch list of deficiencies or repairs that you consider necessary for your room, garage, or classroom. Can any of these items be related back to the original acceptance of the facility?
Explain in your own words the concept of marginal tax rate.
For problems 28-30, you are given descriptions of two lines. Find the slopes of Line 1 and Line 2. Is each pair of lines parallel, perpendicular or neither? 28. Line 1: Passes through (2, 3) and (4,...
On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated...
Crystler Mining Company purchased land containing an estimated 10 million tons of ore for a cost of $4,400,000. The land without the ore is estimated to be worth $800,000. The company expects that...
Assuming that withdrawals during the accounting period were $800, prepare the journal entry to close the P. Mehta, Withdrawals account to the P. Mehta, Capital account. The accounting period ends...
Mel Filbert is considering an investment in the common stock of a chain of retail department stores. She has narrowed her choice to two retail companies, Single Corporation and Design Corporation,...
Smith Company produces and sells one product for $40 per unit. The company has no beginning inventories. Its variable manufacturing cost per unit is $18 and the variable selling and administrative...
Which of the following statements is false? (You may select more than one answer.) a. Under variable costing, only those manufacturing costs that vary with output are treated as product costs. b....
Smith Company produces and sells one product for $40 per unit. The company has no beginning inventories. Its variable manufacturing cost per unit is $18 and the variable selling and administrative...

Ten years ago, Fatima Farhoudi purchased 5,000 shares of Sallcik Inc. at $2 per share. If the

Question:

Expert Answer:

Fatima originally paid 2 x 5000 10000 ... View the full answer

Principles of Accounting

Students also viewed these finance questions