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NEW QUESTION: 1
On a quote template, the Price line column has a template section "Price Line Items" defined. Which behavior will the Admin observe when generating the output document?
A. "Price Line Items: section will show only the "Price" Line column.
B. "Price" line column will not appear for Included or zero price items.
C. "Price" line column will appear in multiple line item sections.
D. "Price" line column will not appear for other line items sections.
NEW QUESTION: 2
Scenario: A Citrix Administrator needs to configure an Engineer User Group, which has the following requirements:
Which FlexCast Model can the administrator use?
A. VM-Hosted Applications
B. Published Applications
C. Hosted VDI (Static/Persistent)
D. Hosted VDI (Random/Non-Persistent)
NEW QUESTION: 3
Allen owns 100 shares of Prime Corp., a publicly-traded company, which Allen purchased on January
1, 2001, for $10,000. On January 1, 2003, Prime declared a 2-for-1 stock split when the fair market value (FMV) of the stock was $120 per share. Immediately following the split, the FMV of Prime stock was $62 per share. On February 1, 2003, Allen had his broker specifically sell the 100 shares of Prime stock received in the split when the FMV of the stock was $65 per share. What amount should Allen recognize as long-term capital gain income on his Form 1040, U.S. Individual Income Tax Return, for
Choice "c" is correct. The receipt of a nontaxable stock dividend will require the shareholder to spread the basis of his original shares over both the original shares and the new shares received, resulting in the same total basis but a lower basis per share of stock helD. Therefore, Allen's total basis remains the same, $10,000, but is now split between 200 shares (a 2-for-1 split and he originally owned 100 shares).
Therefore, his basis per share goes from $100/share ($10,000/100) to $50/share ($10,000/200).
Consequently, his basis in the 100 shares sold is 100 x $50 = $5,000. Calculate his gain as follows:
Choices "a", "b", and "d" are incorrect.