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In-s [12.5K]
3 years ago
13

Mr. A owned 75% of the voting stock and 85% of the nonvoting stock of Corporation Y. Mr. A transferred property with a fair mark

et value of $90,000 and an adjusted basis of $70,000 to Y for an additional 5% of the voting stock and 5% of the nonvoting stock. What is the amount of gain to be recognized by Mr. A?
Business
1 answer:
Lena [83]3 years ago
5 0

Answer:

$0

Explanation:

Since Mr. A already owns 75% of common stock (and 85% of nonvoting stock), the extra 5% will result in a total of 80% (and 90%), that means that he cannot recognize any loss or gain resulting from this transaction. This applies to all stockholders that own at least 80% of a company's stocks and transfer property in exchange for more stocks.

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2 years ago
which is most likely the reason why policymakers would impose a a price ceiling on the market for coffee?
trasher [3.6K]

The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.

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Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.

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4 0
3 years ago
Nita is a Market Research Analyst who has a retirement plan set up through her employer. Kurt is hired as a Retail Salesperson e
makvit [3.9K]

Answer:

job with benefits

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Explanation:

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4 0
2 years ago
The nation of Aquilonia has decided to end its policy of not trading with the rest of the world. When it ends its trade restrict
djverab [1.8K]

Answer:

higher in the steel market, lower in the rice market, and unchanged in the TV market

Explanation:

Producer surplus can be defined as the variance between the amount an individual or nation is willing to take for certain quantity of a product versus the amount they receive when the goods are sold at the market value. For the nation of Aquilonia to be importing rice that means producer surplus is higher because the variance is low, it will export rice because the producer variance is low, and hence it wants to give to other countries. But since it is neither exporting nor importing TV, that means that the producer surplus remained the same even after the change in policy.

7 0
3 years ago
What are the concept of financial investment?​
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An asset that you put money into with the hope that it will grow or appreciate into a larger sum of money. a person can also make financial investments in stocks and mutual funds, which can appreciate in value and pay dividends.
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