Answer:
The answer is True.
Explanation:
Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.
Answer:
Service
Explanation:
A service is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed by the service takers.
Answer:
150000
Explanation:
The question says that Harry received a fair market value = 450000 dollars
Meanwhile he transferred 650000 dollars of assets
Fair value of assets = 650000 - 200000 = 450000
Harry's adjusted basis = 350000
Therefore the share received will be:
350,000 - 200,000
= 150,000 dollars.
Harry's basis in the stock received from the corporation is $150,000.
Thank you!
Answer:
is this a question? maybe you could give more context.
