Choice between a stock or a cash dividend
If you had a choice between a stock or a cash dividend, which would you choose? Both are equal to $800. Back up you opinion with reasons. Please don't just say "I would choose stock", why would you choose stock?
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On January 1, Pete bought a used a used turck for $14,000. He added a tool chest and side racks for ladders for $4,800. The truck is expectedc to last four years and then be sold for $800. Pete uses straight line depreciation.
Sale of Property Received as a Gift. During the current year, Stan sells a tract of land for $800,000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $310,000 FMV.
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Partners A B C & D form a medical equipment leasing biz. on 1/1/08 each partner contributed $20k. The partnership borrowed $120k and along with the $80k of cash contributions, purchased x ray equipment for $200k.
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Jordyn Company borrows $600,000 cash from a bank and in return signs an installment note for five annual payments of equal amount, with the first payment due one year after the note is signed.
2011 March 31-Paid semiannual interest on the April 1 issue and amortized the premium applicable to the second half of second interest period.
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