Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alicia owns 100 shares of abc common stock with a

Alicia owns 100 shares of ABC common stock with a basis of $15,000 and a...

70.2K

Verified Solution

Question

Accounting

Alicia owns 100 shares of ABC common stock with a basis of $15,000 and a $40,000 FMV. She receives 100 stock rights with a total FMV of $20,000. Alicia decides to sell the stock rights for $25,000. What is her gain or loss on the sale of the stock rights?

A. 0

B. 1,000 gain

C. 3,000 gain

D. 4,000 gain

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

1.) Gas           Number of moles N2                    3.10 O2                    0.76 CO2                 0.12 If the total pressure is 1.07 atm, what is the partial pressure of Oxygen?...

Finance
1.2K views

Morgan Stanley and Goldman Sachs are examples of banks that perform investment banking duties. Analyze the...

Psychology
1.2K views

describe distributive, correctove and commutative

Electrical Engineering
1.2K views

What are the main advantages of three-phase rectification over three phase half-wave rectification? What are the main...

Physics
1.2K views

A thin superconducting zero resistance ring is held above a vertical long solenoid as shown...

Calculus
1.2K views

The figure to the right shows the shape and dimension of a small dam Assuming...

Algebra
1.2K views

Which graph represents the solution for 2 x 12 0 O O c C O...

Accounting
1.2K views

Cash collections from customers for credit sales are greater than sales revenues from credit sales...

Accounting
1.2K views

ou would like to fence in your irregularly shaped yard. After spending countless hours on...

Accounting
1.2K views

1. A set of relationships between a companys board, its shareholders and other stakeholders providing...

Finance
1.2K views

You have just purchased a new warehouse. To finance the purchase, you've arranged for a...

Accounting
1.2K views

Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials...