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
On July 1 of the current year, the assets and liabilities of Wong Industries, are as follows: Cash, $15,000; Accounts Receivable
lisov135 [29]

Answer:

C. $56,700

Explanation:

From the accounting equation which shows the relationship between the elements of a balance sheet namely;asset, liabilities and equity.

Asset =  liabilities + equity

Total assets = $15,000 + $12,300 + $3,100 + $35,000 = $65,400

Total liabilities = $8,700

Stockholders’ equity = $65,400 - $8,700

= $56,700

The stake of the owners of the company is $56,700

5 0
3 years ago
Why are russian and eastern europe interested to international managers? identify and describe reasons for such interest as well
algol13

Russian and Japanese Europe are interested in international managers: global control refers to the control of commercial enterprise operations in an employer, running in more than one country. global control has a whole lot of blessings.

International managers continually should arrange their commercial enterprise to evolve to neighborhood necessities of all international locations. firstly, they need to create a command hierarchy that involves human beings operating in multiple countries. Then, they must adhere to the local laws and guidelines of the nations they operate in.

It takes a wide range of know-how to be an international manager. They ought to have a complete historical past and aggressive intelligence in marketing, income, finance, and human sources. high-quality networking and pass-cultural communique abilities also are important.

International managers make a contribution with their cultural skills and knowledge of international economics, trade, governments, contracts, markets, and finance to ensure an organization's front into worldwide markets is aligned with its desires and goals.

Learn more about international managers here: brainly.com/question/24553900

#SPJ4

6 0
2 years ago
Which of the following actions helps a company find the game plan for​ long-run survival and growth that makes the most sense gi
Papessa [141]

Answer: (D) Strategic planning

Explanation:

  The strategic planning is one of the business documenting process in which the various types of directions and suggestions are given to the small organization or the business.

The main objective of the strategic planning is that it helps in establishing the the actual direction to the companies for the long term goals and also helps in making various types of decisions.

According to the given question, the strategic planning is one of the type of action which is specifically taken by an organization that helps the growth o the company.  

 Therefore,  Option (D) is correct answer.  

 

4 0
3 years ago
In the Reaching Beyond our Borders box titled, "Ethical Culture Clash", the story proves that a large multi-national company suc
kap26 [50]

Answer:

False

Explanation:

Ethical standards are are set of guiding principles that an organisation communicates to its employees as the expected way to do things.

In reaching beyond our borders it is not true that ethical standards of of its employees must be the same as for workers in the United States.

For example an employee living abroad does not spend his whole housing allowance on getting a place to stay as expected in the United States, but puts it to use on other endeavours.

8 0
3 years ago
I the united states what the youngest you can get a payng job not soemthing big like train conductoring but like at a little sho
gulaghasi [49]

It depends on the state. I think the youngest is 13 years old. But you have to work with high supervision.

4 0
3 years ago
Other questions:
  • The classical economists felt that saving would be equal to investment because
    15·1 answer
  • What are causes of ethical issues in business?
    10·2 answers
  • Maria Am Corporation uses a process costing system. The Baking Department is one of the processing departments in its strudel ma
    7·1 answer
  • In 1976, ron wayne sold his 10% ownership of which company for $800? walmart
    5·1 answer
  • In 3–10 sentences:
    13·2 answers
  • When analyzing a price-earnings ratio:_________.
    6·1 answer
  • 13. A firm hires its labor in a perfectly competitive factor (or resource) market and sells its product in a perfectly competiti
    11·1 answer
  • The ____ is a private corporation owned by a consortium of commercial banks and industrial companies, but the ____ is a self-sus
    6·1 answer
  • What is the market and sales strategy of vending machine
    15·1 answer
  • Anthony corporation reported the following amounts for the year: net sales$296,000 cost of goods sold 138,000 average inventory
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!