Business, 12.12.2019 06:31 estefaniapenalo

Contribution of property with a basis of $1,000 and an fmv of $1,400. b. contribution of property with a basis of $3,000 and an fmv of $3,800. the stockholder also received $500 cash from the corporation as part of the stock transaction. c. contribution of property with a basis of $8,200 and an fmv of $12,500. the stockholder also received property with an fmv of $1,700 from the corporation as part of the stock transaction. page 15-35 d. contribution of a building with an fmv of $200,000, a mortgage (assumed by the corporation) of $100,000, and a basis of $125,000. e. contribution of a building with an fmv of $1,700,000, a mortgage (assumed by the corporation) of $1,000,000, and a basis of $635,000. determine the basis of the property contributed in the hands of the corporation in each instance. assume that the 80% rule is met in all cases.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 19:00

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

Answers: 2

Answer

Business, 22.06.2019 22:00

Which of the following statements about nonverbal communication is most accurate? a. the meanings of some gestures can vary among cultures b. the way an e-mail, letter, memo, or report looks can have either a positive or a negative effect on a receiver c. the manner in which we structure and use time can reveal our personalities and attitudes d. all statements are accurate

Answers: 1

Answer

Business, 23.06.2019 02:20

Suppose rebecca needs a dog sitter so that she can travel to her sister’s wedding. rebecca values dog sitting for the weekend at $200. susan is willing to dog sit for rebecca so long as she receives at least $175. rebecca and susan agree on a price of $185. suppose the government imposes a tax of $30 on dog sitting. the tax has made rebecca and susan worse off by a total of

Answers: 3

Answer

Business, 23.06.2019 10:10

Hannah is concerned about the increase in the cases of obesity in her state. she has convinced her company to create advertisements to generate awareness about obesity. which kind of advertising will the company use to achieve this?

Answers: 3

Answer

You know the right answer?

Contribution of property with a basis of $1,000 and an fmv of $1,400. b. contribution of property wi...

Questions