Carly owns 25% of base corporation’s single class of stock and premier corporation owns the remaining 75%. carly’s basis in the base stock is $200,000 and premier corporation’s basis in the base
stock is $600,000. carly receives property with a $175,000 adjusted basis and a
$250,000 fmv and premier corporation receives property with a $600,000 adjusted
basis and a $750,000 fmv in complete liquidation of base corporation. all of
base’s cash is used to pay its liabilities. which of following statements is
correct concerning the tax effects of the liquidation?
a) neither carly nor premier corporation will recognize a gain.
b) carly will recognize some gain but premier corporation will not recognize any gain.
c) both carly and premier will recognize some gain.
d) carly will not recognize any gain but premier will recognize some gain.

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.