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schepotkina [342]
3 years ago
6

Marie and Ethan form Roundtree Corporation with the transfer of the following:

Business
1 answer:
Gelneren [198K]3 years ago
7 0

Answer: Please see the expl;anation column

Explanation:

Current Income of  Marie =$80,000 due to  services done for the corporation

Basis of Marie =$80,000 basis in her 400 shares of stock

b)Current  income of  Ethan =$0, due to no service done for the corporation.

basis of Ethan =$175,000 basis in his 1,600 shares of stock.  This is accrued from

Note Receivable 25,000

land                         50, 000

Inventory              100,000

Total basis of Ethan     $175,000

c) No gain or loss recognized  this is because according to Section 351

When there is a  transfer of property to corporation in exchange for stock and transferors take  control of the corporation then No gain or loss will be recognized.

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The precedence diagram for the problem above is attached. See the definition of a precedence diagram and the probability calculations below.

<h3>What is a precedence Diagram?</h3>

A precedence diagram is an optical or graphical representation tool that displays a project's activities.

<h3>What is the probability of finishing the project by the 24th day or less?</h3>

Recall that:

z = (Specified Time - Path's mean)/Path's Standard Deviation.

Hence for z₂₁

(21 − 20.5)/1.118   = 0.447 ≈ 0.45.

Hence the probability is:   P(Z<0.45) =0.6736

(21 − 21.5)/1.344 = −0.3721 ≈ −0.37

Hence the probability is:  P(Z<-.37) = 0.3557

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Hence the probability is: P(Z<2.07) = 0.9808

Following through on the above, the project will be finished in less than 21 days is given as:

P = 0.23499920921

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brainly.com/question/24756209

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3 years ago
Tiffany purchased a $10,000, 13-week Treasury bill that is paying 2.25%. What is the effective rate on this T-bill?
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4 years ago
When formatting your resume, it is important to ____
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All of the above When formatting your resume, it is important to do all
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What is total cost of ownership?
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3 0
4 years ago
At the beginning of Year 1, Trey Inc., purchased a machine with a total acquisition cost of $33,000. The machine has an estimate
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Answer:

$8,000

Explanation:

Data provided in the question:

cost of machine = $33,000

Estimated residual value = $3,000

Estimated useful life = 3 years

Estimated useful life in terms of production = 60,000 units

Total units produced in year 1 = 16,000

Now,

Rate of annual depreciation with respect to units produced

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= $0.5 per unit × 16,000 units.

= $8,000

7 0
3 years ago
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