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Hi! I need to determine if any of this 5 scenarios are dividends, return capital or capital gain. I need a full explanation how to
Hi! I need to determine if any of this 5 scenarios are dividends, return capital or capital gain. I need a full explanation how to solve it. Please
ACNT 1347 Ch 18 Classroom Quiz Determine the Dividends, Return of Capital and Capital gain (Loss) for each of the 5 scenarios as a result of cash distributions. A. CEP+; AEP + Balance Dividend ROC * Capital G (L) CEP AEP Stock Basis Distribution 12/31 B. CEP-; AEP+ CEP AEP Stock Basis Distribution 12/31 C. CEP; AEPCEP AEP Stock Basis Distribution 12/31 D. CEP-; AEPCEP AEP Stock Basis Distribution 12/31 E. CEP-; AEP+ CEP AEP Net CEP/AEP Stock Basis Distribution 7/1 * Stock Basis $20,000 100,000 200,000 20,000 150,000 Balance Dividend ROC* Capital G (L) Dividend ROC* Capital G (L) Dividend ROC* Capital G (L) Prorate CEP Dividend ROC* -100,000 200,000 20,000 150,000 Balance 100,000 -200,000 20,000 150,000 Balance -100,000 -200,000 20,000 150,000 Balance -100,000 200,000 100,000 20,000 150,000 Capital G (L) 0 a result of cash distributions. ACNT 1347 Ch 18 Classroom Quiz A. CEP+; AEP + CEP AEP Stock Basis Distribution 12/31 B. CEP-; AEP+ CEP AEP Net CEP/AEP Stock Basis Distribution 12/31 C. CEP; AEPCEP AEP Stock Basis Distribution 12/31 D. CEP-; AEPCEP AEP Stock Basis Distribution 12/31 Balance 100,000 200,000 20,000 150,000 Balance -100,000 200,000 100,000 20,000 150,000 Balance 100,000 -200,000 20,000 150,000 Balance Dividend ROC * Capital G (L) 100,000 50,000 150,000 Dividend 0 ROC* 0 Capital G (L) 100,000 100,000 Dividend 20,000 ROC* 30,000 Capital G (L) 100,000 100,000 Dividend -100,000 -200,000 20,000 150,000 20,000 20,000 ROC* 0 20,000 20,000 30,000 Capital G (L) 130,000 * Stock Basis $20,000 E. CEP-; AEP+ CEP AEP Net CEP/AEP Stock Basis Distribution 7/1 Balance -100,000 200,000 100,000 20,000 150,000 Prorate CEP Dividend -50,000 200,000 150,000 150,000 150,000 150,000 ROC* Capital G (L) 0 0 A. CEP+; AEP + CEP AEP Stock Basis Distribution 12/31 Balance 100,000 200,000 20,000 150,000 Dividend ROC * Capital G (L) 100,000 50,000 150,000 0 0Step by Step Solution
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