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ACC 4020 Expect Success/newtonhelp.com

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For more course tutorials visit www.newtonhelp.com Four years ago Nelson purchased stock in Black Corporation for $37,000. The stock has a current value of $5,000. – PowerPoint PPT presentation

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Title: ACC 4020 Expect Success/newtonhelp.com


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ACC 4020 Expect Success/newtonhelp.com  
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ACC 4020 Expect Success/newtonhelp.com  
  • ACC 4020 Week 2 Assignment 2 Tax Effect
  • For more course tutorials visit
  • www.newtonhelp.com 
  •  
  • Four years ago Nelson purchased stock in Black
    Corporation for 37,000. The stock has a current
    value of 5,000. Nelson needs to decide which of
    the following alternatives to pursue. Determine
    the tax effect of each of the following.

3
ACC 4020 Expect Success/newtonhelp.com  
  • ACC 4020 Week 2 Assignment 3 Capital Structure
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Juan organized Teal Corporation 10 years ago. He
    contributed property worth 1 million (basis of
    200,000) for 2,000 shares of stock in Teal
    (representing 100 ownership). Juan later gave
    each of his children, Julie and Rachel, 500
    shares of the stock. In the current year,

4
ACC 4020 Expect Success/newtonhelp.com  
  • ACC 4020 Week 3 Assignment 3 Tax Consequences
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Pedro owns 700 of the 1,000 shares outstanding of
    Indigo Corporation (earnings and profits of
    950,000). Pedro paid 170 per share for the
    stock 12 years ago. The remaining stock in Indigo
    is owned by unrelated individuals.

5
ACC 4020 Expect Success/newtonhelp.com  
  • ACC 4020 Week 4 Assignment 2 Pink Corporation
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Situation 1
  • Pink Corporation acquired land and securities in
    a 351 tax-free exchange in 2011. on the date of
    transfer, the land had a basis of 720,000 and a
    fair market value of 1 million, and the
    securities had a basis of 110,000 and a fair
    market value of 250,000.

6
ACC 4020 Expect Success/newtonhelp.com  
  • ACC 4020 Week 4 Assignment 3 Distributions and
    Liquidation
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 4020 Week 4 Assignment 3 Distributions and
    Liquidation

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ACC 4020 Expect Success/newtonhelp.com  
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