subject
Business, 15.10.2019 22:30 amulets7017

Perch corporation has made paint and paint brushes for the past ten years. perch corporation is owned equally by arnold, an individual, and acorn corporation. perch corporation has $100,000 of accumulated and current e& p. both arnold and acorn corporation have a basis in their stock of $10,000. perch corporation discontinues the paint brush operation and distributes assets worth $10,000 each to arnold and acorn corporation in redemption of 20% of their stock. due to the distribution, arnold and acorn corporation must report a. arnold acorn corporation $8,000 capital gain $8,000 capital gain b. arnold acorn corporation $10,000 dividend $10,000 dividend c. arnold acorn corporation $10,000 dividend $8,000 capital gain d. arnold acorn corporation $8,000 capital gain $10,000 dividend

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
Answers: 3
question
Business, 22.06.2019 09:50
Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing
Answers: 1
question
Business, 22.06.2019 13:50
Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system
Answers: 1
question
Business, 22.06.2019 16:50
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
You know the right answer?
Perch corporation has made paint and paint brushes for the past ten years. perch corporation is owne...
Questions
question
Arts, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
Questions on the website: 13722361