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Nuetrik [128]
3 years ago
7

Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The pr

operty is subject to a $80,000 mortgage, which Marty assumes. Marty's basis in the Robot stock surrendered is $50,000. Marty must recognize
A) a $40,000 loss
B) no gain or loss
C) a $60,000 gain
None of the above
Business
1 answer:
mr_godi [17]3 years ago
6 0

Answer:

-$40,000

Explanation:

Data provided as the question

FMV = $90,000

Assumed Liability = $80,000

Stock basis = $50,000

The computation of recognize is shown below:-

= FMV of property - Assumed Liability - Stock basis

= $90,000 - $80,000 - $50,000

Recognize Loss = -$40,000

Therefore for computing the recognize loss we simply deduct the assumed liability and stock basis from FMV of property.

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If Serena runs her own business and is responsible for everything, she is a/an
olga_2 [115]

Answer:An entrepreneur

Explanation:

An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of her business venture.

4 0
3 years ago
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.
Yanka [14]

Answer:

$495,000

Explanation:

Calculation to determine the total dollar amount of assets to be classified as property, plant, and equipment

Land $250,000

Add:Buildings less accumulated depreciation $245,000

($300,000-$55,000)

Total $495,000

Therefore the total dollar amount of assets to be classified as property, plant, and equipment will be $495,000

8 0
3 years ago
Using websites such as the U.S. Census Bureau is an example of what type of data source?
tester [92]
I’m not to sure either B or D
8 0
3 years ago
Read 2 more answers
What term describes a planned effort to enable employees to learn job-related knowledge, skills, and behavior
mihalych1998 [28]

Answer:

Training

Explanation:

Training is a form of teaching. It is a form of providing knowledge and skills and getting accommodated with those skills. These skills and knowledge help an individual to perform tasks with efficiency and competitiveness. Training helps in developing mental, physical, and professional skills in the individual. It helps in upgrading and enhancing mental and physical skills.

5 0
3 years ago
The brochure for Spa Sydell has photographs of people enjoying the various spa amenities. By seeing the pictures of available tr
arsen [322]

Answer:

C. intangibility

Explanation:

Intangibility -

It refers to a non - tangible thing , i.e. , incapable of touching as it could be a immaterial object .

Or something that is not clear ,

Hence , from the question ,

The brochure given by the spa , consists on many pictures that give people a better idea and make a wise decision to whether or not visit the spa or not  .  

6 0
4 years ago
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