Answer:
c. $500,000.
Explanation:
Market Corporation has a basis in the land of $500,000.
We are told in the question that ''Market Corporation completely liquidates Subsidiary Corporation, receiving land with a $400,000 adjusted basis and a $500,000 Fair Market Value''
In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.
NO. Lenders doesn't always accept application for credit. They always perform investigation about the financial status of the applicant. Only once the financial status of the applicant is finished reviewed and passed, the application for credit will be accepted.
Answer:
Assumptions and expectations are the root causes of workplace constraints.
Explanation:
To avoid workplace conflicts one needs detailed information and clarity. If we train ourselves to think in a positive way and act without anger will do wonders. Our conduct in a situation is going to be really different if we take some time to look at good intentions instead of immediately reacting. It's much more productive to turn a bunch of assumptions into a shared understanding of the information.
Answer:
Extinction
Explanation:
Contingency of extinction occurs when previously reinforced behaviours are removed or changed as a result of changes in the environment. In this scenario, the behaviours that was changed in the current year was the payments of bonuses to top managers. The changes in the environment was the poor performance and average stock price dropping. It resulted in the top managers not receiving their annual bonuses this time.
Answer:
8,450 Favorable
; 3,206 Unfavorable
Explanation:
Variable overhead spending variance:
= (Standard rate - Actual rate) × Actual hours
= ($3 × 18,731) - $47,743
= 8,450 Favorable
Variable overhead efficiency variance:
= (Standard hour - Actual hour) × Standard rate
= [(11,620 × 1.52) - 18,731] × $3
= (-1,068.6) × $3
= 3,206 Unfavorable
