Silo Incorporated sold investment land to PPR Incorporated for $110,000 cash. Silo’s basis in the land was $145,000. Mr. And Mrs. Jersey own 100 percent of the stock of both corporations. Required: What is PPR’s tax basis in the land purchased from Silo? PPR holds the land as an investment for seven years before selling it to an unrelated buyer. Compute the gain or loss recognized if the amount realized on sale is: (1) $100,000, (2) $116,000, or (3) $150,000

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate