Ben and john formed bcd inc., a corporation, in 2013. ben received 80% of the voting common stock, the only class of stock and john received the remaining 20% of the stock. in 2014, ben transferred additional property to bcd inc. the property had an adjusted basis to ben of $40,000 and a fair market value of $50,000 on the date of the transfer. on the same day, and in exchange for the property he transferred to bcd inc., ben received cash of $15,000 and additional stock worth $35,000. how much gain was recognized by ben as a result of this transaction

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.