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Bumek [7]
3 years ago
11

Casey transfers property with a tax basis of $2,000 and a fair market value of $5,000 to a corporation in exchange for stock wit

h a fair market value of $4,000 and $400 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $600 on the property transferred. Casey also incurred selling expenses of $300. What is the amount realized by Casey in the exchange?
Business
1 answer:
lidiya [134]3 years ago
5 0

Answer:

The amount realized by Casey in the exchange $ 4700

Explanation:

Fair market value of stock received = $4000

Add: cash in transaction that qualifies for deferral under section 351 = $400

Add: assumed mortagae = $600

Less: selling expense = $(300)

Amount realized by casey in exchange  = 4000 + 400 + 600 - 300

= $ 4700

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Answer:Make a single payment of principal when the bonds matured but multiple payment of interest over the life of the bond.

2.0600

Explanation:

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The return on a bond is fixed as specified in the bond contract the inability to make payment as at when due may not affect the return obtainable from the bond initial contract.

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3 years ago
CarsRUs factors $800,000 of accounts receivable with recourse. The factor (buyer of receivables) charges a 3% finance fee and ho
Dmitry [639]

Answer:

$50,000

Explanation:

Calculation to determine the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables

Using this formula

Loss on sale of receivables=[(Recourse Accounts receivable*Finance fee charges)+Estimated recourse liability]

Let plug in the formula

Loss on sale of receivables=(3%*$800,000)+$26,000

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4 0
3 years ago
Which item forms part of your career portfolio?
denis-greek [22]

Item that forms part of your career portfolio D: résumé

Explanation:

A career portfolio is in short a testament of the things a person has done professionally in their life to be used as a testament to their abilities and to prove their work before they look for another job or they are considered viable for a sort of the workforce.

A resume lists out the necessary details about a person, their educational background and then their work experience along with any essential information that is required about them.

7 0
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Paraphin [41]

Answer:

The answer is A

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In the described scenario, the information that Nina has been fired from her previous job mainly because of her fault rather than any other objective reasons  is of much importance for the interviewer's decision-making in term of hiring Nina. Did the interviewer know this piece of information, he/she may not hire Nina or the negotiating salary level would be pretty much lower.  

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3 years ago
13. In support of the third goal of FEMA's action plan, FEMA leaders at all levels must recognize that diversity management is a
Shalnov [3]

Answer:

In support of the third goal of FEMA's action plan, FEMA leaders at all levels must recognize that diversity management is a significant part of their role as FEMA's leaders, and that they are held accountable for sustaining a DIVERSE workforce.

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