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kotegsom [21]
1 year ago
6

Clauss cutlery sells knives to the floral industry. These knives are designed to slice through foam blocks, cut wire, and perfor

m other similar tasks. It also sells cutting utensils to the meat-processing industry. These large heavy-duty blades can saw through carcasses quickly. Clauss also sells a line of cutting tools to people in the woodworking industry for sawing and shaping wood cutouts. Clauss cutlery should use a _____ sales organization.
Business
1 answer:
Lapatulllka [165]1 year ago
6 0

Clauss also sells a line of cutting tools to people in the woodworking industry for sawing and shaping wood cutouts. Clauss cutlery should use a customer sales organization.

Woodworkers set up, operate, and maintain all types of woodworking machinery, including saws, milling machines, drills, sanders, and wood clampers. Operators use equipment to cut and shape wooden parts, and use templates, vernier calipers, and rulers to check dimensions.

Carpentry is defined as cutting and joining wood to construct buildings and other structures. Woodworking is defined as carpentry, carpentry and related arts that make things out of wood.

Woodworking is an art that, when used correctly, can improve many aspects of your life. Many people are attracted to woodworking because of its usefulness and profitable business. Woodworking is a very reliable craft that has evolved into an interesting form of art and architecture.

Learn more about Woodworking brainly.com/question/2877105

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Answer:

1. The amount of the shareholder's dividend income on the distribution is $620,000.

2. The shareholder's basis in the property received is $850,000.

Explanation:

1. What is the amount of the shareholder's dividend income on the distribution?

From the question, it is stated that the property distributed was subject to a $230,000 mortgage which the shareholder assumed. This implies that the shareholder has taken up responsibility of paying off the mortgage loan. This will reduce the amount of dividend paid to the shareholder as follows:

Shareholder's dividend income = $850,000 - $230,000 = $620,000.

Therefore, the amount of the shareholder's dividend income on the distribution is $620,000.

2. What is the shareholder's basis in the property received?

When property is distributed to shareholders, the shareholder's basis in the distributed property is considered to be the fair market value (FMV) of the distributed property and it will be treated as if the distribution had been made in cash.

Therefore, the shareholder's basis in the property received is $850,000 which its fair market value.

4 0
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Answer: $5020

Explanation:

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Explanation:

Tax savings from deduction = ($14,000 × 37%) = $5180

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