Answer:
D. $3,000
Explanation:
The shareholder's tax basis =
SYBIL tax basis in the property transferred + gain recognized - cash received of $2,000 - the liability assumed by the corporation.
$5,000 + $1,000 - $2000 - $1,000 = $3,000.
If Sybil sells the stock for $3,000, no gain or loss will be recognized, an amount equal to the gain deferred of $0.
<u>Answer:</u>
The statement that says a code of conduct should be worded in terms of forbidden action rather than acceptable behaviour is false.
<u>Explanation:</u>
The judicial acts and laws that prohibit unlawful actions and the code of conduct that provides information about the ideal and acceptable behaviour that are distinct from each other in terms of wording that is used to draft them. A judicial act mentions what is not to be done and a code of conduct mentions what is to be done.
B i think hope this helps tell me if im wrong or right
Based on the given above, in order to determine the present
value, the amount you needed should be divided from 1 plus the 2.6 compounded
annually on the savings which will be multiplied to three.
It goes as;
Present value = $6,500 / (1 + 0.026) 3 = $6,018.26
They need to deposit $6,018.26 today to pay for the entire
party.
The assessed value of a condominium is usually higher than a similar <u>Cooperative</u> because of outright ownership.
This is because a cooperative's assessed value is often lower than a condominium's because cooperatives are not owned outright.
In a condominium, each unit within a larger complex is sold, as opposed to being rented out. These apartments, townhomes, or even commercial warehouses may have undergone renovation. Contrary to common misconception, the term "condominium" refers to the legal ownership structure rather than the specific sort of unit. Any building with several units has the option to "become condominium," which requires tenants to leave the property or buy their apartments outright. The walls of a condominium are theoretically owned by the people who buy
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