Answer:
150000
Explanation:
The question says that Harry received a fair market value = 450000 dollars
Meanwhile he transferred 650000 dollars of assets
Fair value of assets = 650000 - 200000 = 450000
Harry's adjusted basis = 350000
Therefore the share received will be:
350,000 - 200,000
= 150,000 dollars.
Harry's basis in the stock received from the corporation is $150,000.
Thank you!
I'm pretty sure the answer would be a budget? A good budget is a way you can keep track of your money. Like what you are spending it on in different categories (like bills, entertainment, food, etc) and how much money is being spent in each.
A.limited supply hope that helps
Your first step is to create a saving plans and to set your smart goals
Answer:
$1,565.48
Explanation:
This is an annuity due type of question since the recurring payments are made at the beginning of each year unlike Ordinary annuity whose payments occur at the end of each period.
With a financial calculator on beginning mode "BGN", use the following inputs to find the PV;
Total duration of investment; N = 3
Recurring payment; PMT = 550
Interest rate; I/Y = 5.5%
One time cashflows; FV = 0
then compute for Present value ; CPT PV = 1,565.476
Therefore, the most you should pay is $1,565.48
