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Question - John owns shares in a mutual fund and shares of individual stocks in his brokerage account. The Form 1099-DIV from the mutual fund indicates $2,000 of capital gains distributions and the form from the brokerage firm indicates $6,000 of capital gains distributions. The brokerage statement also indicated a long term capital loss of $1,850 on a stock sale. How should John report the capital gains distributions?
a. He is not required to report them until he sells the underlying securities.
b. He should report them directly on Form 1040.
c. He should report them on Schedule D.
d. He should report them on Form 8949 and then on Schedule D.
Sweet Grove Citrus Company buys a variety of citrus fruit from growers and then processes the fruit into a product line of fresh fruit, juices, and fruit flavorings.
The same selling price is expected for 2011. Logan's variable cost per unit will rise by 10% in 2011 due to increasing material costs, so they are tentatively planning to cut fixed costs by $10,000. How many units must Logan sell in 2011 to mainta..
Caruso Co. sold 40,000 units of its only product and incurred a $100,000 loss (ignoring taxes) for the current year as shown here.
The budgeted production units for July are:6,480 units.4,320 units.6,620 units.2,160 units.5,540 units.
ACC305 - Auditing and Professional Practice. List two threats to compliance with the fundamental principles that may exist resulting from your discussion with the CFO, and identify the fundamental principles at risk of being breached
Make the Stockholders' Equity section of the December 31, 2016, balance sheet. "Less" or "Deduct" will automatically appear if it is required.
johann josef and richard are partners in the strauss partnership with the following capital and profit and lossjohann
Current variable costs are $4 a unit and fixed costs are expected to total of $149,000. Determine the number of units of Widgets for Dorchester
Prepare the adjusting journal entry that Extra Company should make on December 31 of the current year, to estimate bad debts expense
assess the impact the proposed leasing changes will have on balance sheets income statements and current leasing
Report the following ratios, using the text material for the Village of Elizabeth as a guide.
Accounts payable of P186,200 was paid in January 2020. How much is the adjusted Accounts payable as of December 31, 2019
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