1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lana71 [14]
3 years ago
11

Broom Corporation transfers assets with an adjusted basis of​ $300,000 and an FMV of​ $400,000 to Docker Corporation in exchange

for​ $400,000 of Docker Corporation stock as part of a taxminusfree reorganization. The Docker stock had been purchased from its shareholders one year earlier for​ $350,000. How much gain do Broom and Docker Corporations recognize on the asset​ transfer?
Business
2 answers:
Helen [10]3 years ago
7 0

Answer:

Niether of the party to contract earned any gain on this investment

Explanation:

The reason is that the both companies exchanged assets whose Fair Market value was equal to the amount received. This is because the Baron Corporation would would had written down its asset at FMV which means the asset is sold at a price that actually costs the Broom Corporation if it uses the asset for its rest of the life. Furthermore, the Docker will also not recognize any gain on the stock repurchased sold because it is not permitted in the accounting standard.

sertanlavr [38]3 years ago
7 0

Answer:

Both Broom and Docker Corporation have zero gains

Explanation:

The price Broom corporation sold it asset is will be detrimental, this is because the price that Broom corporation sold it asset will costs Broom corporation if it wants to use it assets and the cost well be for the rest of their life. Also as we can see, Docker corporation will not have any gain on the stock repurchased sold this is so, because in accounting standard, it is not permitted. The two corporation assets that were exchange by companies has equal or fair Market value which was equal to the amount both of them received.

You might be interested in
A country made education free and mandatory up to age 15. It established 100 new schools to educate kids across the country. As
bazaltina [42]

Answer

Hi,

A country made education free and mandatory up to age 15. It established 100 new schools to educate kids across the country. As a result, citizens acquired the __skills____ required to work. The schools generated__jobs___ for teachers and other staff. In 20 years, the country saw a rapid __increase____ in its GDP.

Explanation

When the country makes education free and mandatory, many parentsare encouraged to take their kids to school to learn and acquire skills needed for them to participate in building the nation. Establishing new 100 schools is investing in human capital which will create employment opportunities for teachers and other staff in the education and training sector. When employment opportunities are created, people will earn money and pay taxes to the government. This will in turn cause growth of the GDP of the country.

Good luck!

6 0
3 years ago
Read 2 more answers
A learning organization is an organization that actively creates, acquires, and transfers knowledge within itself and is able to
Kipish [7]

Answer:

As it is said in the text, Learning Organizations are organization that enables people to build their knowledge and capacity.

Explanation:

A learning organization creates in people more value around their skills and motivates them. They are essential and the key to success. In order to build them there’s a huge need of having a training plan so people in it keep on studying and challenging theirselves. To track these trainings there must be an evaluation and monitoring plan so that we can be aware of the changes needed.

7 0
3 years ago
In the treatment of U.S. exports and imports, national income accountants _____. rev: 04_09_2018 Multiple Choice subtract export
pogonyaev

Answer:

The correct answer is: add exports but subtract imports in calculating GDP.

Explanation:

National income refers to the production of goods and services by the residents of a nation within the geographical boundaries of a nation in a given period.

In the calculation of national income, net exports are included. This net export is the difference between exports and imports. In other words, we can say that exports are added and imports are included.

6 0
3 years ago
Willow Wanderer Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1,
ANTONII [103]

Answer:

The statement would be:

Date: October 31, 2019

Net Income                $680,700

Cash dividends           $50,000

Stock dividends         $127,000

Retained earnings     $503,700

The retained earnings are equal to the sum of declared dividends substracted  from the net income.

3 0
3 years ago
The global-standardization strategy arises out of the combination of: Question 7 options: 1) high pressure for cost reductions a
kati45 [8]

Answer:

The correct answer is the option 1: high pressure for cost reductions and low pressure for local responsiveness.

Explanation:

To begin with, the concept known as <em>"Global Standardization"</em>, in the field of marketing and business, refers to the strategy that the companies can use when they decide to implement the same marketing strategy or campaign to every country in where the organization works. Therefore that the term refers to the standardization of the strategy that the company use in the marketing area to the whole globe due to the fact that mainly they look for the reduction of the costs and also because the pressure from the local responsiveness from the other foreign countries tend to be very low.

3 0
3 years ago
Other questions:
  • It costs $1,200 to produce 50 pounds of a chemical and it costs $2,200 to produce 150 pounds. The chemical sells for $15 per pou
    12·2 answers
  • Why is it important to include industry terminology in a résumé??
    10·1 answer
  • Which federal government agency is the primary source for quality delivery of health services?
    6·1 answer
  • There is always some degree of government involvement in a mixed economy.<br> O<br> True<br> O False
    11·2 answers
  • Jacques lives in Denver and runs a business that sells guitars. In an average year, he receives $731,000 from selling guitars. O
    8·1 answer
  • Other things the same, when the price level rises more than expected, some firms will have a. higher than desired prices, which
    14·1 answer
  • The __________ theory suggests that people will evaluate the cost, benefit, or value related to making a change in a particular
    8·1 answer
  • A firm has total debt of $1,360 and a debt-equity ratio of 0.21. What is the value of the total assets
    8·1 answer
  • Predict: How might learning tasks that are not part of your regular job make you a more valuable employee ?
    15·2 answers
  • Service technicians are expected to monitor which site to take service courses for new products?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!