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musickatia [10]
4 years ago
15

Tracy transfers property with a value of $60,000 and adjusted basis of $50,000 to form Riley Corp. solely in exchange for all 10

0 shares of Riley stock valued $60,000. What is Riley Corp.'s basis in the property
Business
1 answer:
Olin [163]4 years ago
4 0

Answer:

$60,000

Explanation:

Tracy's basis on the transfer is $50,000 and the amount realized is $60,000.

So Tracy should have a realized gain of $10,000, but Section 351 states that no gain or loss must be recognized when one person transfers property in exchange for a corporation's stock if immediately after the transfer, the person controls the corporation. In this case, Tracy will own 100% of Riley Corp., so she doesn't have to recognize any gain.

Riley Corp.'s basis on the property will be $60,000 which is equal to the fair market value and the value realized by Tracy.

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Which of the following is an example of communicating with customers?
blondinia [14]

Answer:

C. because customers can show up to see what's going on you can interact with them talk to them about your product/business.

4 0
3 years ago
Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew.
Cloud [144]

Answer:

D. Social Context

Explanation:

Social context generally refers to the immediate social setting in which people live and go about their daily activities. Social context or rather social environment in the workplace has a relatively strong connection to job satisfaction. Here, Ramiro is said to work with a nice crew which obviously makes doing the work a whole lot better, also plays softball on the weekends and volunteer in the same group with his coworkers. These social context he has going with his coworkers makes the job satisfactory for him. He's very active with his coworkers both on the job and off the job. If the reverse were to be the case, say, maybe he doesn't get along with his coworkers, the work becomes very unsatisfactory.

Pay cannot be the reason for his satisfaction because the pay is relatively low. Also, the fact he's been doing the same thing for 6 years shows promotion has nothing to do with his satisfaction. Neither does the work stress or the work itself.

4 0
4 years ago
a newspaper reports that in urban area the average price of new homes had decreased, but the number sold had increased. The sita
mr Goodwill [35]

Answer:

B. Increase in supply

Explanation:

These are the options for the question below;

A. Increase in demand B. Increase in supply C. Decrease in demand D. Decrease in supply.

Whenever there is increase in supply, then the price has reduced, then people Brenda to buy the products because of the reduce price.and that is what happen in this case.

3 0
3 years ago
We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of
EleoNora [17]

Answer:

The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.

For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.

They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.

7 0
3 years ago
If $500 cash and a $2,000 note are given in exchange for a delivery truck for use in a business?
ivann1987 [24]

If $500 cash and a $2,000 word are given in change for a delivery truck for use in a commercial enterprise The stockholders '  equity is increased.

Shareholders' equity is the amount that the owners of an employer have invested in their enterprise. This includes the money they've without delay invested and the accumulation of income the agency has earned and that has been reinvested since inception.

Shareholder fairness is the difference between a firm's overall property and general liabilities. This equation is known as a balance sheet equation as all of the relevant information can be gleaned from the stability sheet.

Stockholders' equity has three common components: paid-in capital, treasury stock, and retained earnings. Three types of commercial enterprise entities exist companies, sole proprietorships, and drift-via entities which include partnerships. Stockholders' fairness applies most effectively to the corporate enterprise entity.

Learn more about stockholders here: brainly.com/question/14032844

#SPJ4

4 0
2 years ago
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