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Alona [7]
3 years ago
11

Market Corporation owns 100% of Subsidiary Corporation's stock. Market Corporation completely liquidates Subsidiary Corporation,

receiving land with a $400,000 adjusted basis and a $500,000 FMV in exchange for Subsidiary stock, which has a $300,000 adjusted basis. Market Corporation has a basis in the land ofa. $300,000.b. $400,000.c. $500,000.d. None of these
Business
1 answer:
kykrilka [37]3 years ago
6 0

Answer:

b. $400,000

Explanation:

According to the historical cost principle, the land or fixed assets should be reported in the financial statement with the purchase price or historical price.

In the given situation, the land receiving value is $400,000 and its fair market value or FMV is $500,000 and exchange value is $300,000

So, here the land should be recorded at $400,000. Hence, we ignored the fair market value and the exchanged value

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In the context of the Oracle Enterprise Manager, a(n) _____ is a named collection of database access privileges that authorize a
Marta_Voda [28]

Answer: Role

Explanation:

Role is basically refers to the collection of the databases that can easily access the privileges which are assigned to the specific users so that they can able to accessing the resources from the database system management.

  • The database role is also known as the collection of the privileges in the database system.  
  • The main function of the role in the database management system (DBMS) is that it can easily update and also retrieve the business records in an organization.

Therefore, Role is the correct answer.

8 0
3 years ago
What is Average cost
Vladimir79 [104]
Arvrage cost is the total cost divided by the number of units.
5 0
3 years ago
Faruq spends all of his income on two goods: tacos and milkshakes. His income is $100, the price of tacos is $10, and the price
ANTONII [103]

Answer:

8

Explanation:

Amount he can spend on tacos = income - total price of milkshakes

total price of milkshakes = 2 x 10 = 20

100 - 20 = 80

quantity of tacos = 80 / 10 = 8

8 0
2 years ago
A $10,000 municipal bond with 10 years to maturity is purchased in the primary market at 105. The bond is sold after 2 years at
Mama L [17]

Answer: B. a 2 point capital gain

Explanation:

Municipal Bonds have to be amortized using the straight-line method and this applied to both newly issued or bonds being traded at a premium.

The bond in question is trading at 105 and so has a 5 point premium which needs to be amortized at 1 point a year for 5 years. As it was bought after two years, the amortization was 2 points which means the cost of the bond should be;

105 - 2 = 103

Yet it was sold for 105. The gain is therefore

= 105 - 103

= 2 point capital gain

7 0
3 years ago
Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is
kicyunya [14]

Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is worth it to Matthew most likely because His preference is for designer labels, since the assertions made by the other manufacturers, which claim that designer trousers are less expensive, are illogical. This is further explained below.

<h3>What is the cost?</h3>

Generally, payment is required before it can be obtained or completed.

In conclusion, Affluent designer jeans are Matthew's choice. There are cheaper jeans out there, but Matthew most certainly prefers designer labels since the arguments of the other manufacturers, who say that designer pants are less costly, are irrational.

Read more about cost

brainly.com/question/15135554

#SPJ1

5 0
2 years ago
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