Answer:
$0
Explanation:
The adjusted basis for any property or assets transferred to a corporation or a partnership in exchange for shares or property rights must be registered at fair market value.
In this case Mr. Brown transferred property with a fair market value of $50,000 and received in exchange stock worth $35,000 and $15,000 in cash. ($50,000 = $35,000 + $15,000)
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Answer:
C) Buy a DFI call with an exercise price of 35.
Explanation:
A Call is a buy option of 100 shares, in this case, of DFI. It has an exercise price, that represents the number of comparison with the market price. If the market is lower than the exercise, the call expires without earnings (only the premium that is paid when you buy it). If the market is higher than exercise, then the profit is the differen between the two prices. So, if the customer is short with 100 shares (expecting a lowering of prices), but he believes that a near-term rally is going to happen, then he can buy this option, and cover his losses when the prices rise.
Answer:
C) ownership of corporate stock
Explanation:
In a command economy, the central authority or central government control and owns the factors of production in the country. The government makes all the important decisions in the economy. All production, distribution, and allocation of resources is done by the government or its agencies.
The government determines the goods be produced, their quantity, and prices. The private sector does not participate in economic activities. Therefore, ownership of corporate stock is not possible.
