He is not sincere.
This is the negative form of the sentence.
Answer:
a. Does this qualify as a good Section 351 transaction?
Answer: No. This is because service is not a qualified property contribution under the section 321. Moreover, fair value of stock received by Chrissie is just 75% of 100%.
b. What gain does Chrissie Recognize?
Answer: The Gain Chrissie recognizes = FMV of stock received - Adjusted basis of transferred property = $750,000 - $500,000 = $250,000.
c. What gain does Mirinda recognize?
Answer: The Gain Mirinda recognizes is $0 or Mirinda will recognizes compensation worth which will be taxed as an ordinary Income ($250,000).
Based on the current political situation, Yes, <u>President Biden</u> has the political capital to pass his social infrastructure bill.
<h3>What is Political Capital?</h3>
Political Capital is a term used to describe the total resources and power established through connections, trust, goodwill, and influence among politicians over time.
Given that President Biden was once a senator and Vice President of the United States, he must have built many cordial relationships among many old-time senators and representative members in the US Congress.
Hence, in this case, it is concluded that the correct answer is " <u>Yes, President Biden has the political capital to pass his social infrastructure bill."</u>
Learn more about Political Capital here: brainly.com/question/7448602
A circular flow economy includes buying and selling between businesses, households, and governments.
The government takes money in through taxes and tariffs, and has expenditures on things like roads, military spending, and other federally funded programs. In this way the government both gives and takes in the economy.
Explanation:
Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.
