Bill,age 40,is Married with Two Dependents

question 69

Multiple Choice

Bill,age 40,is married with two dependents.Bill had the following items for the year 2012: Based on the above information,what is the net operating loss for Bill and his spouse for the year 2012?

• A) $0.
• B) $5,000.
• C) $7,000.
• D) $12,000.
• E) None of the above.

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.

Dividend Rate

The amount of dividend paid per share divided by the price per share, often expressed as a percentage, indicating the returns shareholders receive for each dollar invested in the company's stock.

Date of Record

The cutoff date set by a company to determine which shareholders are eligible to receive a dividend or participate in a corporate action.

Dividend Payable

Liability showing amount of cash dividend owed.