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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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The community of Desertville traditionally produces a large number of tires and a small amount of kiwi fruit. Kiwis are become i
viktelen [127]

Answer:

The answer is TRUE.

According to the law of increasing costs, the cost of producing kiwis will increase.

Explanation:

The law of increasing costs states that as more factors of production are shifted from making one product or service to a second product or service, the cost of producing the second item increases.

As we can see in the scenario given above, the community of Desertville initially produced a small amount of Kiwi fruit. But as kiwis became more popular, its cultivation had to be expanded, therefore, increased costs would be incurred in the process of this expansion.

8 0
3 years ago
He says that Isaiah needs to research the cost of building the app. How many developers will they need? Freelance app developers
lubasha [3.4K]

Answer:

19

Explanation:

because

8 0
3 years ago
Read 2 more answers
A. M&R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following t
AleksAgata [21]

Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $2,000  

          To Service revenue $2,000

(Being service revenue is recorded)

b. Wages expenses Dr, $1,000  

          To Wages payable $1,000

(Being wage expenses is recorded)

c. Interest expenses Dr, $400  

    To Interest payable $400

(Being interest expenses is recorded)

d. Lawn service expenses $500  

    To Accounts payable $500

(Being lawn service expenses is recorded)

e. Interest receivable $200  

     To Interest revenue $200

(Being interest revenue is recorded)

f. Salaries expenses $900  

     Salaries payable $900

(Being salary expenses is recorded)

3 0
4 years ago
7. A major US city reports a 12% increase in decoration sales during the yearly holiday season. If decoration sales were 8 milli
Svet_ta [14]
This really looks like a multiplication here. Let me see if this can be helpful to you: If we proceed like this:
<span>8 million * 0.12 = increase /year
The only thing you need to do now is multiply it with number of years between 1998 to 2004 then add it to 8 million. That is how you can solve it</span>
3 0
3 years ago
The partnership of Marks &amp; Sparks sustained an ordinary loss of $42,000 in Year 1. The partnership, as well as the two partn
igomit [66]

Answer:

Ordinary loss of $18,000

Explanation:

As for the provided information the loss is shared equally be each partner.

therefore, if total loss of partnership firm = $42,000

Loss on account of each partner = $42,000/2 = $21,000

Therefore, loss as share of Mark = $21,000

But as provided the basis of Mark = $18,000

Therefore, accordingly the loss up to the amount of basis shall be sett off in the current year itself, and then thereafter the remaining loss of $21,000 - $18,000 = $3,000 shall be carried forward.

7 0
3 years ago
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