A. is required to draw up a petition listing all assets and liabilities.
Hey...Im pretty sure its D ;p i hope i helped
Answer:
Check the explanation
Explanation:
Liquidating distributions in the problem are made in accordance to the preferred stock Since the activities may not meet the Section 332 requirements, the Section 332 rules will not apply to the case cited in the problem This means, Parent has to recognize a capital loss of 8.50,000 on the distribution The capital loss can only be used to offset capital gains.
Under the Section 165(03) rules for affiliated corporation's worthlessness securities, Parent can recognize an ordinary loss of 8.500,000 on the common stock The ordinary loss can be sued to offset ordinary income.
The department should be open to receive 760 tires with a total retail value of <em>$51,307.60.</em>
Data and Calculations:
Beginning inventory = 90
New order of tires = 340
Total units available = 430 (90 + 340)
Sales of tires per week = 120
Expected ending inventory = 40
Therefore, the <em>number of tires</em> the department should be open to receive is 760 (40 + (120 x 6).
Cost per tire = $43
Markup = 57%
Retail price per tire = $67.51 ($43 x 1.57)
Thus, the total retail value of the 760 tires being ordered is <em>$51,307.60.</em>
Learn more about the markup cost here: brainly.com/question/16710746
The answer is a) partnership.