Claiming a loss on the stock

Assignment Help Accounting Basics
Reference no: EM13142279

My mother owned 808 shares of gm stock that she had accumulated over many years being a gm employee. Now that the company went bankrupt we would like to claim a loss on the stock but dont have any record of what she paid over the years. Were can i get this info?

Reference no: EM13142279

Questions Cloud

How much total overhead would be budgeted : If the company prepared a budget for 10,000 machine hours, how much total overhead would be budgeted?
How much did this advertising campaign cost in total : This is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming the cost is spread equally over each month how much did this advertising campaign cost in total?
How many grams of nh3 are produced : When 2.00 moles of H2O react, how many grams of NH3 are produced?
Short essay questions of musical pieces : Short essay questions of musical pieces below:1)Toccata and Fugue in D minor2)"Spring" from The Four Seasons, 1st Movement-concerto grosso
Claiming a loss on the stock : My mother owned 808 shares of gm stock that she had accumulated over many years being a gm employee. Now that the company went bankrupt we would like to claim a loss on the stock but dont have any record of what she paid over the years.
Prepare a consolidation worksheet as of december : Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2008 assuming the transaction is treated as a purchase combination.
What would the pressure : Suppose a can contains a residual amount of gas at a pressure of 755 mm Hg and a temperature of 25 °C. What would the pressure be if the can were heated to 1155 °C?
Find probability that no students lives in dormitories : 75% of students live in dormitories. A random sample of 5 students is selected. Using the binomial probability tables, find the probability that none of the students lives in the dormitories?
What is equity at the end of the year : At the beginning of the year, Addison Company's assets are $178,000 and its equity is $133,500. During the year, assets increase $80,000 and liabilities increase $55,000. What is equity at the end of the year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entries-stockholders equity

How much total cash did Markus raise through the January 15, 2011, stock issuance? How are these journal entries recorded?

  Determine the amount of cash provided

Old Alabama Company purchased investments for $45,000 and plant assets for $127,000 during the current year, during which it also sold plant assets for $66,000, at a gain of $6,000. The company also purchased treasury stock for $78,000 and sold a ..

  Computing pv of single cash flow

The present value of $100,000 to be received in five years at an interest rate of 16% compounded annually, is $47,610. Calculate the present value of $100,000 for each of the following:

  Implied value of each warrant

Upstate Water Company just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 12%, and they were issued at their $1,000 par value. The current yield on similar straight bonds is 15%. What is the implie..

  Prepare the journal entries to record the purchase

Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas on November 17, 2013. The units have a list price of $500 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30. Thomas uses a periodic in..

  Is the wacc an average concept or a marginal concept

Is the WACC an average concept or a marginal concept in your opinion? Should we use the historical WACC or the marginal WACC as the appropriate rate to use in capital budgeting analyses?

  What would be the amortization expense for 2013

Assume that the lessor retains title to the machine at the expiration of the lease, that there is no bargain renewal or purchase option, and that the fair value of the equipment is $1,420,000 as of the lease date. Using the criteria for distinguis..

  Entries to record sales and collections

Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period.

  Record the transactions on page 8 of a general journal

Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.

  Write a memorandum comparing the tax consequences

Amy, Beth, and Meg each own 100 of the 300 outstanding shares of Theta Corporation stock. Amy wants to sell her shares, which have a $40,000 basis and a $100,000 FMV. Either Beth and/or Meg can purchase Amy's shares (50 shares each) or Theta can r..

  Linear and nonlinear cost function

What is the difference between linear and nonlinear cost function? Give an example of each type of cost function?

  Deduction for moving expenses

In which of the following situations is the taxpayer not allowed a deduction for moving expenses?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd