Examlex
In September 2013,Eduardo sells stock he purchased in October 2012 at a gain of $5,000.If Eduardo is in the 10% marginal tax rate bracket and he has no other capital asset sales in 2013,what is his tax on the sale of the stock?
Preferred Shares
A class of ownership in a corporation that has a higher claim on its assets and earnings than common shares, usually with fixed dividends.
Classified
In accounting, this term refers to the arrangement of items in financial statements into categorized sections and subsections to enhance clarity and understanding.
Wholly Owned Subsidiary
A company whose entire share capital is 100% owned by another company, the parent company.
Straight-Line Method
A method of calculating depreciation or amortization by equally distributing the cost of an asset over its expected useful life.
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