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
Anni [7]
3 years ago
14

Carlos transfers property with a tax basis of $965 and a fair market value of $1,135 to a corporation in exchange for stock with

a fair market value of $995 and $67 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $73 on the property transferred. What is the corporation's tax basis in the property received in the exchange
Business
1 answer:
nexus9112 [7]3 years ago
8 0

Answer:

$1,032

Explanation:

Calculation for the corporation's tax basis in the property received in the exchange

Based on the information given we were been told that he made a transfer of property with a TAX BASIS of the amount of $965 which as well include a FAIR MARKET VALUE of the amount of $67 which simply indicates or means that the amount of $1,032 ($965+$67) is the tax basis amount of the property that was received in the exchange.

Tax BASIS =Tax basis +Fair market value

Tax BASIS=$965+$67

Tax BASIS=$1,032

Therefore the corporation's tax basis in the property received in the exchange will be $1,032.

You might be interested in
Due to the impact that sudden events could have in the value of bonds, event risk covenants, or provisions, are included in the
Natalka [10]

Answer:

A puttable bond.

Explanation:

According to the corporate finance institute, "A puttable bond (put bond or retractable bond) is a type of bond that provides the holder of a bond (investor) the right, but not the obligation, to force the issuer to redeem the bond before its maturity date.   Puttable bonds are directly opposite to callable bonds."

A puttable bond (put bond, putable or retractable bond) has an embedded put option, giving the bondholder the right, but not the obligation, to demand early repayment of the principal, with the put option exercisable on one or more specified dates.

It is a kind of protection offered to investors so that they could "turn in their bonds to the issuer and get the value equal to the par value."

4 0
3 years ago
An effect of changing legislation on human resources professionals is that: Multiple select question. they must update company H
navik [9.2K]

They must update company HR policies and procedures is An effect of changing legislation on human resources professionals.

<h3>What is human resources?</h3>

Human resources is the recruiting department in the organization, that has many roles and responsibilities like payroll, fill the vacant position of the company, ensure the company's harmony, arranging the events in the organization.

Thus, option A is correct.

For more details about human resources, click here:

brainly.com/question/13190588

#SPJ1

3 0
2 years ago
Matthew​ Liotine's Dream Store sells water beds and assorted supplies. His​ best-selling bed has an annual demand of 410 units.
never [62]

<u>Given:</u>

Annual demand = 410 units

Ordering cost = $41

Holding cost = $5 unit per year

<u>To find:</u>

Number of units to be ordered each time an order is placed

<u>Solution:</u>

On calculating the number of units,

\Rightarrow \sqrt{(\frac{2(390)(38)}{5})} \rightarrow\sqrt{\frac{780\times38}{5}}= 76.99

Therefore, to minimize the total cost, approximately 77 units should be ordered each time an order is placed.

5 0
3 years ago
A local charity has been given a grant to serve free meals to the homeless in its community, but it is worried that its program
Elis [28]
Homeless: 
10 – t^2 /320 > 0
10 > t^2 /320
3200 > t^2 
t < 40√2 = 56.6 
College students: 
10 – t^2 /160 > 0
10 > t^2 /160
1600 > t^2 
t < 40
Wait time would have to be at least 40 minutes to prevent college students from waiting.
6 0
3 years ago
Questioning of a witness by anyone other than the party who called the witness is _______ examination.
Andre45 [30]
I believe it's cross examination (the interrogation of a witness called by one's opponent). But I'm not 100% positive. 
6 0
3 years ago
Other questions:
  • HHH Inc. reported $12,500 of sales and $7,025 of operating costs (including depreciation). The company had $18,750 of investor-s
    6·1 answer
  • If a company hires too many employees and discovers later that it can't afford them, it may have to do what?
    7·2 answers
  • Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the ________________ to the financi
    5·1 answer
  • A company has 1000000 shares outstanding trading at $15 a piece. Managers believe that the discount rate appropriate for the ris
    6·1 answer
  • PLEASE ANSWER THESE IT WOULD BE A HUGE HELP
    15·1 answer
  • Your friend Marco loves being on his phone and interacting on social media. He knows that you are studying different careers and
    12·1 answer
  • Marigold Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
    5·1 answer
  • 3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibil
    10·2 answers
  • The presentation of current and non-current liabilities in the statement of financial position (balance sheet):
    6·1 answer
  • You are asked to give a presentation for a local university business class. What should you focus on first when preparing for yo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!