ed a long-term capital loss carryover from 2022 of $10,600. gnized a $12,300 loss on the 11/1/2023 sale of bonds (acquired on 5/12/2013). gnized a $4,360 gain on the 12/12/2023 sale of IBM stock (NYSE: IBM) (acquired on 2/5 gnized a $18,440 gain on the 10/17/2023 sale of rental property (the only §1231 transact ject to the 25 percent maximum rate and the remaining $9,480 is subject to the 0, 15, as acquired on 8/2/2017). gnized a $12,600 loss on the 12/20/2023 sale of bonds (acquired on 1/18/2023). gnized a $7,300 gain on the 6/27/2023 sale of BH stock (acquired on 7/30/2014). gnized an $11,600 loss on the 6/13/2023 sale of QuikCo stock (acquired on 3/20/2016). ved $740 of qualified dividends on 7/15/2023. required capital gains netting procedures and calculate the Jacksons' 2023 tax liabilit

Dont give handwritten answer thanku

Please dont provide solution image based answers thank you

Problem 11 Paul and Co. acquired a 90% interest in Shaq & Co. for $450,000 in cash on January 1, 2019. Paul & Co. uses the simple equity method: Assets: Current assets Depreciable assets, net $150,000 200,000 Current assets Depreciable Fixed assets Accumulated Depreciation Investment in Shaq & Co. Current liabilities Common Stock Retained Earnings 1/1/19 Sales Expenses Subsidiary Income Dividends Declared $350,000 The excess of the price paid over book value is attributable to Fixed ssets which have a value of $350,000, with the balance being Goodwill. The depreciable assets have a 10 year remaining life. Paul uses the simple equity method to record its nvestment in Shaq & Co. The following trial balances of the 2 companies are prepared on December 31, 2019: Paul Liabilities & Equity: Current liabilities Common Stock Retained Earnings 25,000 240,000 -96,000 486,000 -60,000 -250,000 -150,000 -1,400,000 1,250,000 -45,000 Shaq 130,000 200,000 -15,000 -100,000 -175,000 -700,000 650,000…

Don't give answer in image format

A company repurchased 10,000 of its outstanding ordinary shares with par value 2$ for 6$ in 5/01/2024, at 31/01/2024 the company re-issued 5000 for 7.5, and in 28/02/2024 issued 4000 for 2.5 which recorded in the company books for: OA. debit retained earning for $6500 OB. debit premium treasury for 6500 OC. debit treasury shares for 10,000 OD. credit treasury premium for 7500

zion 9 Assume that on Dec. 31, 2014, Paul's Investment in Saint Account has a balance of $ 438,000. Paul's 80 % interest in Saint has a fair value of $ 468,000. On January 1, 2015, Paul sells all of its Saint shares for $ 450,000. What is the gain/loss on sale? OAS 15000 Loss OBS 12000 Gain OCS 33000 Loss OD.S 33000 Gain Lying to another question will save this response.

Question Armadillo Enterprises acquired the following equity investmentsat the beginning of year 1 as trading investments. Description Number of shares Market price per share Total price Finestra Company 15,000 X $25 $387,500 BVD Company 20,000 x$18 |S360,000 Market values at theend of Years 1 &2 are presented below: Market/Fair Value End of year 1 End of year 2 Finestra Company IS19 $23 BVD Company $22 $28 REQUIREMENTS: ( Prepare the journal entry to record the acquisition of theinvestments. Prepare the adjusting journal entry required at the end of year1. Armadillo Enterprises sells 15,000 shares of BVD Company for $16at the beginning of year 2. Prepare the journal entry to record thesale. Prepare the adjusting journal entry required at the end of year2. Assume that ArmadilloEnterprises now holds these investments asavailable-for-sale. Prepare the journal entry to record the acquisition of theinvestments. Prepare the adjusting journal entry required at the end of year1. Armadillo…

Do not give answer in image

1. Initial Value Method vs Equity Method (Spring 2015 Midterm) On January 1, 2012, Franel Co. acquired all of the common stock of Hurlem Corp. For 2012, Hurlem earned net income of $360, 000 and paid dividends of $190,000. Amortization of the patent allocation that was included in the acquisition was $6,000. How much difference would there have been in Franels income with regards to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping?