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
Strike441 [17]
3 years ago
10

Alexie transfers land valued at $250,000 (her basis = $220,000) to Sorenson Corp. in exchange for Sorenson common stock valued a

t $210,000 and cash of $40,000 in a Section 351 transaction. What is Alexie's recognized gain and her basis in Sorenson stock?
Business
1 answer:
r-ruslan [8.4K]3 years ago
7 0

Answer:

A. $30,000 gain recognized

$210,000 Basis

B.The gain which was recognized will be the lesser of the amount of the gain realized .

Explanation:

Alexie's recognized gain and her basis in Sorenson stock would be:

a)land valued $250,000 - Basis $220,000 =$30,000

This means that the $30,000 will be gain recognized and her basis will be $210,000

b)The gain which was recognized will be the lesser of the amount of gain realized which is

(Land value $250,000 - Basis $220,000 = $30,000)

Less FMV of the boot received which is $40,000 = $210,000

You might be interested in
Is the yield to maturity on a bond the same thing as the required return? Is YTM the same thing as the coupon rate? Suppose toda
kiruha [24]

Answer:

Explanation:

The yield to maturity on a bond is the same thing as the required return. The YTM and the coupon rate is a totally different thing. The coupon rate is the interest which is computed on the principal amount whereas yield to maturity is a rate which is held at the maturity and its rate is also generated in maturity date.  

So, in the given case, the Coupon rate is 10% and the YTM is 8% as it reflects the maturity i.e two years from now

6 0
3 years ago
Which of the following is an analytical tool used in six-sigma quality improvement programs? A. LeadershipB. Pareto ChartsC. Man
ira [324]

Answer: Pareto charts

Explanation: Pareto chart is a tool common to all quality efforts which includes six sigma also. A pareto chart contains both bars and lines. In such a graph the individual values are presented in form of bar and the final value depicting the cumulative total is represented by the lines.

    Six sigma is a tool used by management to identify and remove the defects from a process thus making it more effective.

Hence, from the above we can conclude that right answer to this problem is Pareto charts.

7 0
3 years ago
To compete with other organizations in the industry and to boost employee morale, Mangosanta, a fashion designing company, insta
Blizzard [7]

Answer:

This scenario best illustrates organizational innovation

Explanation:

5 0
3 years ago
Read 2 more answers
True or false: A demand schedule is created from a demand curve.
-BARSIC- [3]
False, the demand curve is derived from a demand schedule.

The demand curve<span> is a graphical representation depicting the relationship between a commodity's </span>different<span> price levels and quantities which consumers are willing to buy. The </span>curve<span> can be derived from a </span>demand schedule<span>, which is essentially a table view of the price and quantity pairings that comprise the </span>demand curve<span>.</span>
8 0
3 years ago
A customer calls his agent on Friday after the markets have closed and tells him to sell his position in XYZ stock when the mark
satela [25.4K]

Answer:

Explanation:

Under the Uniform Securities Act, the agent should not take custody of the securities but should have the customer send the securities directly to the brokerage firm by registered mail or delivery service. The agent should never take custody of physical security assets since many unfortunate events can occur which may result in the loss of those assets. Therefore sending it by registered mail would be the safest and fastest option will still maintaining the responsibility of those assets to the owner.

8 0
3 years ago
Other questions:
  • Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2
    9·1 answer
  • Each firm in a competitive market has a cost function​ of: Upper C equals 25 plus q squared​, so its marginal cost function is M
    12·1 answer
  • Lochmere Corporation is evaluating a taxable bond at 7% and a municipal bond at 5.75%. What is the break-even tax rate?
    7·1 answer
  • There are 88 members on a board of directors. if they must form a subcommittee of 55 ?members, how many different subcommittees
    12·1 answer
  • Suppose that the adult population in the town of Springfield is 225 million. If 40 million are unemployed and 100 million are em
    10·1 answer
  • If you want more blank white space around the text in a document, you should increase the ____.
    9·1 answer
  • High-Low Method
    12·1 answer
  • The present value of the following cash flow stream is $8,250 when discounted at 8.7 percent annually. What is the value of the
    15·1 answer
  • If testing cannot be completed any earlier than four days after the prototype has been built, what type of lag exists?
    12·1 answer
  • Simone is the only provider of pumpkins for three cities. Because she has her own large garden, the marginal cost to produce an
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!