You and Sidd Jones buy property for $200,000. You both organize a corporation when the property has a fair market value of $350,000. You transfer the property to the corporation for all its authorized capital stock, which has a par value of $350,000.
Pick the correct statement based on these facts:
A) You & Sidd each recognize $75,000 gain, none to the corporation.
B) No gain is recognized by you, Sidd, or the corporation.
C) No gain is recognized by you or Sidd. But the corporation recognizes $150,000 of $0.
Answers: 3
Business, 21.06.2019 16:00
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Business, 22.06.2019 11:20
Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?
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Business, 22.06.2019 21:00
Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haleyβs average inventory level and its average aggregated inventory value?
Answers: 1
You and Sidd Jones buy property for $200,000. You both organize a corporation when the property has...
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