Viking corporation is owned equally by sven and his wife olga, each of whom hold 100 shares in the company. viking redeemed 75 shares of sven's stock in the company on december 31, 20x3. viking paid sven $2,000 per share. his income tax basis in each share is $1,000. viking has total e& p of $500,000. what are the tax consequences to sven because of the stock redemption?

Post test question number 9 for entering the job market

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

An essential element of being receptive to messages is to have an open mind true or false