A Corporation Is Owned 70% by Jones and 30% by Smith.Jones

question 46

Multiple Choice

A corporation is owned 70% by Jones and 30% by Smith.Jones owns 70 shares with a cost of $100 each.Smith owns 30 shares with a cost of $100 per share.Smith and Jones are not related.The company redeems Smith's 30 shares at a redemption price of $400 per share.No stock is redeemed from Jones.This is not a redemption to pay death taxes,and it is not a partial liquidation.Smith will recognize

• A)dividend income of $12,000.
• B)dividend income of $9,000.
• C)capital gain of $12,000.
• D)capital gain of $9,000.

Recognize the role of self-efficacy and motivation in the context of behavior change and health interventions.

Understand the principles of motivational interviewing and its application in substance abuse intervention.

Understand the basics of convertible bonds and conversion ratios.

Grasp the concept and calculations of conversion premiums.

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