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shepuryov [24]
3 years ago
13

Allen transfers marketable securities with an adjusted basis of $120,000, fair market value of $300,000, for 85% of the stock of

Heron Corporation. In addition, he receives cash of $40,000. Allen recognizes a capital gain of $40,000 on the transfer.tRUE/FALSE
Business
1 answer:
julia-pushkina [17]3 years ago
5 0

Answer:

True

Explanation:

The reason is that it is transfering marketable securities for another marketables securities which are subject to a change of values as the previous one. Only the amount received in cash was realized thus, that is the amount of gain Allen will recognize as capital gain

The other part is unrealized gain until this shares are sold point atwhich, Allen which check for how much is the realized gain/loss in the transaction

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Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal p
elixir [45]

Answer and Explanation:

The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-

Particulars       2015         2014       Changes in dollar    Percent change

                           a             b               c = (a - b)                   d = c ÷ b

Short term    

investments $380,168   $239,377    $140,790                    58.82%

Accounts  

receivable  $102,276    $105,903      -$3,627                     -3.42%

Notes

payable        0                $93,973      -$93,973                    -100%

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3 years ago
Direction: Arrange the following words.
Elis [28]

Answer:

  1. TOWEL
  2. TISSUE
  3. TABLE NAPKIN
  4. TABLE CLOTH

6 0
3 years ago
First to answer gets Brainliest
igor_vitrenko [27]
You need to go into excel and make it there
6 0
3 years ago
Ruth has a home office that she shares with her husband, Barret. She keeps track of her business profits and expenses in several
myrzilka [38]

Answer:

unlock the user cells and then protect the worksheet

Explanation:

In order for Ruth's husband, Barret not to alter other cells of the worksheet files, she has to unlock the user cells and then protect the worksheet.

By unlocking the user cells and protecting the work sheet, she has prevented her husband, Barret from making a change to other cells of the worksheet.

A worksheet refers to a sheet of paper on which one performs work. The worksheet Ruth used in he home office is the computer based work sheet (software) where she keeps records of her business transactions.

4 0
3 years ago
Frans paid R9600 as interest on a loan he took 5 years ago at 16% rate. What's was the amount he took as loan?
chubhunter [2.5K]

\bold{{Answer}}

Any choices?

3 0
3 years ago
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