Spartan corporation redeemed 25 percent of its shares for $1,800 on july 1 of this year, in a transaction that qualified as an exchange under §302(a). spartan’s accumulated e& p at the beginning of the year was $1,800. its current e& p is $16,300. spartan made dividend distributions of $2,700 on june 1 and $6,000 on august 31. determine the beginning balance in spartan’s accumulated e& p at the beginning of the next year. see rev. rul. 74-338, 1974-2 c. b. 101, and rev. rul. 74-339, 1974-2 c. b. 103, for in making this calculation. (round your intermediate calculations to the nearest whole dollar amount.)

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

Your parents have accumulated a $170,000 nest egg. they have been planning to use this money to pay college costs to be incurred by you and your sister, courtney. however, courtney has decided to forgo college and start a nail salon. your parents are giving courtney $20,000 to her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. use 8 percent as the appropriate interest rate throughout this problem. use appendix a and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. how much money will your parents have at the end of four years to you with graduate school, which you will start then?

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.