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3 years ago

A taxpayer must receive voting common stock to be eligible for deferral in a Section 351 exchange. True False

Business

1 answer:

hodyreva [135]3 years ago

3 0

Answer:

True

Explanation:

Section 351 (a) establishes that no gain or loss should be recognized when property is transferred to a corporation:

in exchange of stock in that corporation (might receive common stock or share class stocks)
as soon as the exchange is complete, the new stockholder must be in control of the corporation.

Not all common stocks have the same voting rights, that is why they are divided into share classes which assign separate voting rights or powers. Section 351 does not include preferred stocks.

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a store at the mall having a minimum age requirment for workers is an example of which catagory of employee rights

Vitek1552 [10]

Answer: Department of labor

Explanation: Google Have a good day :)

7 0

3 years ago

Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent securit

ser-zykov [4K]

Answer:

Special clothing and uniform involves only the clothes that are required by work specifics. General clothing such as jeans or work shirt does not belong to this category. Also, the laundry for general clothing is also not covered.

Calculations :

Cooper's uniforms during the year = $410

Cooper's laundry expenses for the uniforms = $82 + $62 for altering = $144

Brandy's safety glasses and safety shows when working = $80

Therefore, the total deduction is

= $410 + $144 + $80

= $634

8 0

3 years ago

A recent study about online shopping asked respondents to indicate their education level on the following scale "Less than High

liberstina [14]

Answer:

C. Both I and III.

Explanation:

The education level is categorical variable and is ordinal scaled.

Ordinal level is a second level statistical measurement technique. It allows ranks to the data for its categorization and degree of variation is not determined between data. Education level is ordinal scale because it provides orders of quantitative data.

3 0

3 years ago

Jones Electric Motors uses a Kanban system to make motors for several garage door companies in the southeastern United States. T

Elis [28]

Answer:

7 kanban containers are required

Explanation:

Given the following information :

Average Waiting time for containers = 0.2 days

Average processing time = 0.1 days / container

Daily usage (Demand rate) = 100 per day

Container capacity = 5 housings

Policy variable ( Alpha) = 10% = 0.1%

The required number of Kanban containers required by Jones Electric Motor can be calculated thus :

[Number of containers(x) * container size] = (Demand rate (waiting time + processing time)*(1 + alpha))

x * 5 = (100 * (0.2 + 0.1)*(1 + 0.1))

5x = [100 * (0.3)*(1.1)]

5x = [100 * 0.33]

5x = 33

x = 33 / 5

x = 6.6 containers

x = 7

7 0

3 years ago

An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $5

katrin2010 [14]

Answer:

$923.98 and $1,466.58

Explanation:

The computation of the present value is shown below:

Year Cash flows Discount rate 8% PV of cash inflows

1 $100 0.9259259259 $92.59

2 $100 0.8573388203 $85.73

3 $100 0.793832241 $79.38

4 $200 0.7350298528 $147.01

5 $300 0.680583197 $204.17

6 $500 0.6301696269 $315.08

Present value $923.98

Now the

Future value = Present value × (1 + rate)^number of years

where,

Present value = $923.98

Rate = 8%

Number of years = 6 years

So, the future value

= $923.98 × (1 + 8%)^6

= $1,466.58

5 0

3 years ago