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Gemiola [76]
3 years ago
10

In general, the basis of property to a corporation in a transfer that qualifies as a nontaxable exchange under § 351 is the basi

s in the hands of the transferor shareholder decreased by the amount of any gain recognized on the transfer.
True / False.
Business
1 answer:
Shalnov [3]3 years ago
6 0

Answer

False

the basis of property to a corporation in a transfer that qualifies as a nontaxable exchange under § 351 is not the basis in the hands of the transferor shareholder decreased by the amount of any gain recognized on the transfer.

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For many years China relied on central planning but is currently moving away from a central market to a free market based econom
DanielleElmas [232]

The given statement is False.

For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.

Explanation:

Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.

If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.

Learn more about Transition of Chinese Market at:

brainly.com/question/830955

#LearnWithBrainly

5 0
3 years ago
A web designer quits a project where she was paid $50,000 on completion of the project. She starts a new company with sales reve
shepuryov [24]

Answer:

$150,000

Explanation:

Amount paid after project completion was =$50,000

The sales revenue for the new company = $550,000

Total deductions =$(250,000+70,000+30,000)=$350,000

Economic profit is the difference between the earned revenue from sell of outputs and cost of all inputs used and any opportunity costs.

In this case, opportunity cost will be the amount received by the web designer after the quit of the project.

Economic profit = $550,000 - $350,000-$50,000 = $150,000

7 0
3 years ago
A decrease in government spending (this question is Extra credit) a. increases the interest rate and so decreases investment spe
Solnce55 [7]

Answer:

b. increases the interest rate and so investment spending increases.

Explanation:

According to the IS-LM framework,

An increase in government spending shifts IS upward resulting in higher interest rate as well as GDP. The higher interest rate will hamper investment spending.

8 0
3 years ago
Margaret and Jack are working on a high-priority project with a tight deadline. When Margaret is unable to meet the deadline, Ja
Dahasolnce [82]

Answer:

The correct answer is The fundamental attribution error.

Explanation:

The Fundamental Attribution Error (EFA) is a phenomenon that occurs when we try to explain our own behavior with respect to that of others. Many times we find it hard to understand why a person acts as he acts. And we do not stop to look for the reasons that are the basis of their behavior.

A very clear example is to suspend an exam. If you have to explain to someone why you have suspended the exam, you probably mean that it was very difficult, that you had not rested, did not have time to study or even that the teacher suspended you.

Now imagine that it is another person who suspends and you have approved. Surely if you have to explain why you have suspended you will explain that it is a bit vague, that you have not studied enough and even that you were not interested in approving.

3 0
3 years ago
You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $1.25 in divid
Vlad1618 [11]

Answer:

The maximum that should be paid for the stock today is $30.23.

Explanation:

The total return on a stock is made up of dividend received on the stock plus the capital gain received from selling the stock. The holding period is one year that means a 10% return on the amount invested in required for one year. We need to calculate the present value of the total of selling price plus the dividend to calculate the price of the stock today. As 10% return is required, the discount rate is also 10%.

PV = (1.25 + 32) / 1.1

PV = 30.227 rounded off to 30.23

5 0
3 years ago
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