Prepare the journal entry at year end
Cleveland Company has a stock portfolio valued at 4000. Its cost was 3300. If the Securities Fair Value Adjustment (available-for-Sale) account has a debit balance of 200, prepare the journal entry at year end.
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it distributes $200,000 ($100,000 each) to its equal shareholders, Michele and Wally. Michele's stock has a basis of $11,000 and Wally's stock has a basis of $26,000. How is the distribution treated for tax purposes?
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Write a brief report outlining and describing the issues your company must consider regarding each of the following environmental areas: economic, social- cultural, technological, and political-legal.
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