Jesse incorporates her sole proprietorship on January 1, 2018 by transferring all of her assets to newly formed Excavation, Inc., a calendar year C-corporation, for all 100 shares of Excavation stock, with a FMV or $128,000, and five $10,000 interest-bearing notes that mature consecutively on the first five anniversaries of the incorporation date. The assets transferred are as follows:

Assets Adjusted Basis FMV
Cash 14400 14400
Equipment 135000
Minus: Accumulated Depreciation 65000 70000 60800
Building 85000
Minus: Accumulated Depreciation 50000 35000 51200
Land 25600 33600
Total 45000 160000

Requirement:
a. What are the amounts and character of Jesse's recognized gains or losses?
b. What is Jesse's basis in the Superior stock andnotes?
c. What is Superior's basis in the property received from Jesse?

How did lani lazzari show her investors she was a good investment? (site 1)

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $