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
gladu [14]
3 years ago
14

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

on, 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 of ___________.
a. $300,000.
b. $400,000.
c. $500,000.
d. none of these
Business
1 answer:
ella [17]3 years ago
3 0

Answer:

c. $500,000.

Explanation:

Market Corporation has a basis in the land of $500,000.

We are told in the question that ''Market Corporation completely liquidates Subsidiary​ Corporation, receiving land with a​ $400,000 adjusted basis and a​ $500,000 Fair Market Value''

In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.

You might be interested in
According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in
Alex_Xolod [135]

Answer: According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services  "a. they can provide at a lower opportunity costs."

Explanation: The comparative advantage is the ability of a country to produce a good using relatively less resources than another. The theory of comparative advantages says that Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally be able to participate in the international market.

5 0
3 years ago
The exponential smoothing forecasting technique slowly responds to changes in the mean level of demand when A. a small alpha val
VLD [36.1K]

Answer:

a small alpha value is used.

Explanation:

The exponential smoothing forecasting technique is used for forecasting a time series when there is no trend or seasonal pattern, but the mean of the time series is slowly changing over time.

The choice of the smoothing constant α (alpha) is important in determining the operating characteristics of exponential smoothing. The smaller the value of α (alpha), the slower the response. Therefore when a small alpha value is used the exponential smoothing forecasting technique slowly responds to changes in the mean level of demand.

When the values of α (alpha) are larger this makes the smoothed value to react quickly – not only to real changes but also random fluctuations.

5 0
3 years ago
Health Maintenance Organizations (HMOs) are MOST LIKELY associated with which of these types of insurance? A) life insurance B)
sleet_krkn [62]

Answer:

.

Explanation:

8 0
3 years ago
A firm that sells goods that it purchases for re-sale is a
MrRissso [65]
The answer to the question above is Re-sellers. not to mention the question above stating that a firm sells goods that is purchased for a re-sale automatically refers to the Re-sellers. The Re-sellers can be a retailer that sells to the end users or sells to other business firms like the whole seller. basically the term Re-seller is a firm that who buys product lesser in the market and sells it with added value.
3 0
3 years ago
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr
Ludmilka [50]

Answer:

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.

Explanation:

Rules:

Debit side:

Increase in asset

Increase in expense

Decrease in liability

Decrease in equity

Decrease in income or sales

Credit side:

Decrease in asset

Decrease in expense

Increase in liability

Increase in equity

Increase in income or sales

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.

8 0
3 years ago
Other questions:
  • What is the major difference in focus between a location decision in the service sector vs. The manufacturing​ sector?
    15·1 answer
  • Which payment method typically charges the highest interest rates? ACredit cards BCashier's checks CPre-paid cards DPayday loans
    15·2 answers
  • When a firm recognizes the critical importance of its employees by attempting to provide good conditions and opportunities, it s
    11·2 answers
  • an employee who has integrity is _____. a. ethical and friendly b. prompt and efficient c. focused and intelligent d. trustworth
    7·1 answer
  • Japan does not allow more than 100,000 automobiles to be imported into the country because they feel they are protecting domesti
    6·1 answer
  • Crawford Company has total proceeds (before segregation of sales taxes) from sales of $7,155. If the sales tax is 6%, the amount
    13·1 answer
  • At December 31, 2017, Windsor Corporation had a projected benefit obligation of $819,000, plan assets of $437,000, and prior ser
    11·1 answer
  • On a shopping trip, Melanie decided to buy a light blue coat made from woven fabric. A tag on the coat stated that the price was
    14·1 answer
  • When a stock transaction occurs in the secondary market, the company receives: Group of answer choices Nothing The dollar value
    9·1 answer
  • Operating activities: Multiple Choice Are the means organizations use to pay for resources like land, buildings and equipment. I
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!