Packard Corporation transferred its 100 percent interest to State Company as part of a complete liquidation of the company. In the exchange, Packard received land with a fair market value of $400,000. Packard's basis in the State stock was $695,000. The land had a basis to State Company of $545,000. What amount of loss does State recognize in the exchange and what is Packard's basis in the land it receives

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself

the answers are

a, b, c, & e.