The equity sections from atticus group's 2016 and 2017 year-end balance sheets follow. stockholders' equity (december 31, 2016) common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding paid-in capital in excess of par value, common stock retained earnings total stockholders' equity $ 140,000 100,000 340,000 $ 580,000 stockholders' equity (december 31, 2017) common stock-$4 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury paid-in capital in excess of par value, common stock retained earnings ($30,000 restricted by treasury stock) $164,800 162,000 420,000 746,800 (30,000) $716,800 less cost of treasury stock total stockholders' equity the following transactions and events affected its equity during year 2017 jan. 5 declared a $0.60 per share cash dividend, date of record january 10. mar. 20 purchased treasury stock for cash. apr. 5 declared a $0.60 per share cash dividend, date of record april 10. july 5 declared a $0.60 per share cash dividend, date of record july 10. july 31 declared a 20% stock dividend when the stock's market value was $14 per share. aug. 14 issued the stock dividend that was declared on july 31. oct. 5 declared a $0.60 per share cash dividend, date of record october 10. 3. what is the amount of the capitalization of retained earnings for the stock dividend? capitalization amount

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.