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
Gre4nikov [31]
2 years ago
8

Harry forms the Nectarine Corporation during the 2019 tax year. To form the corporation, Harry transfers assets having a fair ma

rket value of $650,000 to Nectarine Corporation for 100 percent of the corporation's stock. Harry's adjusted basis in the assets transferred was $350,000 and Nectarine Corporation assume a $200,000 mortgage on the assets. If the fair market value of the stock received by Harry is $450,000, what is his basis in the stock received from the corporation
Business
1 answer:
Maksim231197 [3]2 years ago
5 0

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!

You might be interested in
Describe trade union
LiRa [457]

Answer:

A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.

4 0
2 years ago
Read 2 more answers
____________ is a condition that must be satisfied before a party’s contractual obligation to perform becomes absolute (e.g., Bo
statuscvo [17]
Consent I think is the answer
8 0
3 years ago
g Your financial advisor offers you two different investment options. Plan A offers a $17,000 annual payment, in perpetuity. Pla
motikmotik

Answer:

4.76%

Explanation:

The requirement in this question is determining the discount rate which gives the same present value in both cases since discount rates discount future cash flows to present value terms.

PV of a pertuity=annual cash flow/discount rate

PV of a pertuity=$17,000/r

PV of ordinary annuity=annual cash flow*(1-(1+r)^-n/r

PV of ordinary annuity=$30,000*(1-(1+r)^-18/r

$17,000/r=$30,000*(1-(1+r)^-18/r

multiply boths side by r

17000=30,000*(1-(1+r)^-18

divide both sides by 30000

17000/30000=1-(1+r)^-18

0.566666667=1-(1+r)^-18

by rearraging the equation we have the below

(1+r)^-18=1-0.566666667

(1+r)^-18=0.433333333

divide indices on both sides by -18

1+r=(0.433333333)^(1/-18)

1+r=1.047554315

r=1.047554315-1

r=4.76%

5 0
2 years ago
Do you believe that managers should be given more autonomy to make personnel decisions such as hiring, appraising, and compensat
Tpy6a [65]

Answer:

The correct answer is: managers should be given less autonomy to make personnel decisions such as hiring, appraising, and compensating subordinates.

Explanation:

The function of management consists of a series of resources that must be observed in order to achieve organizational goals, therefore it is allowed to delegate important functions such as personnel management to a person who in turn must be accountable; For this reason, management must engage in extremely important functions such as obtaining clients, establishing sales strategies, positioning, etc., while the people in charge of each department perform their functions according to the internal regulations of the organization and the other guidelines established in order to ensure that such resources are aligned and allow the achievement of organizational goals.

5 0
3 years ago
In the context of changing existing attitudes, when giving attitude-improving feedback to an employee, one should?
NeX [460]

when giving attitude-improving feedback to an employee, one should should deal with descriptions rather than judgements. This allows the person to have a detailed account of his/her attitude.

Judgements will raise critics and bias which will not help improve the attitudes of employees but rather cause stress and also affect their self esteem thereby affecting the work performance and decline in delivery.

On the other hand being descriptive is more optimistic and the employees can easily acknowledge their attitudes and take in account.

brainly.com/question/28504315

#SPJ4

4 0
1 year ago
Other questions:
  • Digby's Elite product Don has an awareness of 72%. Digby's Don product manager for the Elite segment is determined to have more
    12·1 answer
  • ABC stock has just closed at $70.50. A customer has an open order on the Specialist's book (DMM's book) to sell short 100 shares
    13·1 answer
  • How does the ability to discriminate correctly affect his or her​ earnings? A. If the negotiated price is higher than the reserv
    12·1 answer
  • Olivia is ordering trendy necklaces and earrings made with semi-precious stones from a supplier in Belize, for her city boutique
    6·1 answer
  • Merton's Toothpaste has been the leader of dental care products for about 40 years. However, this company relied too long on its
    12·2 answers
  • The following information relates to Purcaro, Inc. (Be careful of order of the columns): For the Year Ended December 31, 2018 20
    7·1 answer
  • 4. Select the FALSE statement below: A. A partnership approach to planning for mass casualty incidents helps to ensure that the
    15·1 answer
  • In business writing, the main idea of a written work should be located
    9·2 answers
  • The time value of money implies that a dollar received today is worth ________ a dollar received tomorrow.
    8·1 answer
  • _____ gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribut
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!