Answer:
Loss = $200,000
Stock basis = $700,000
Explanation:
The computation of loss and stock basis is shown below:-
Since there is exchange in deferred tax so no loss will be recognized
Stock basis = Carryover Basis - Cash received
= $1,200,000 - $500,000
= $700,000
Therefore, if Celeste sell stocks $700,000, she will be in loss of $200,000
= $700,000 - $500,000
= $200,000
Debates between the state government and the federal government about which level of
Value proposition addresses what a firm provides that other firms do not and cannot.
A company is a commercial enterprise, usually set up as a partnership, that provides professional services such as legal and accounting services. Corporate theory assumes that companies exist to maximize profits.
To describe a person as steadfast means that he acts in a way that does not change his mind, or that he is in control. She had to be firm with him. "I don't want to see you anymore."
A firm can be a company. B. A consumer goods store that offers physical products. It can also represent a service provider such as a hairdresser. The term firm may refer to any for-profit business, but it is more commonly used to describe businesses in specific industries such as law or accounting.
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Answer:
If you get hit head on by a school bus going 60mph while walking home, you will most likely die!
