g Elliott has the following capital gain and loss transactions for the current year. a. Short-term capital gain$11,200 b. Short-term capital loss(26,880) c. Long-term capital gain (28%)89,600 d. Long-term capital gain (25%)35,840 e. Long-term capital gain (15%)44,800 f. Long-term capital loss (28%)(35,840) g. Long-term capital loss (15%)(67,200) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.