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Sveta_85 [38]
3 years ago
11

At a point when Robin Corporation has been in existence for six years, shareholder Ted transfers real estate (with an adjusted b

asis of $20,000 and fair market value of $100,000) to the corporation for additional stock. At the same time, Peggy, the other shareholder, acquires one share of stock for cash. After the two transfers, the percentages of stock ownership are as follows: 79% is owned by Ted and 21% by Peggy.
Business
1 answer:
Zigmanuir [339]3 years ago
6 0

Answer:

  • It appears that Ted wants to gain control per the requirements of section 351. However, Ted was short. Ted only has 79% of the stock ownership and not 80% or more. There for he does not have control. Since he does not have control, he is unable to qualify for the nontaxable transaction under section 351.

  • The Regulations provide that stock issued for property whose value is (equal/ relatively small/ relatively large) compared to the (fair market value of the assets/ value of the stock already owned) will not be treated as issued in return for property.

Explanation:

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An otr® asks a client with impaired balance to dust and polish a bookshelf in standing position without upper-extremity support.
Inessa05 [86]
<span> Reduce the client's base of support.</span>
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3 years ago
Assume that a company makes only three products: Product A, Product B, and Product C. Currently, the company uses a conventional
VikaD [51]

Answer:

Company A

Using the activity-based costing approach, the percent of the company’s total Material Handling activity cost that would be allocated to Product B is:

 

d. 33%

Explanation:

a) Data and Calculations:

                                               Product A   Product B    Product C   Total Use

Number of units produced   1,000 units  7,000 units 2,000 units   10,000

Direct labor hours per unit        2 hours        2 hours       2 hours            6

Number of setups                  30 setups    50 setups   20 setups        100

Number of material moves  600 moves 400 moves  200 moves    1,200

Number of products                1 product     1 product     1 product           3

Product B usage of Material Handling Activity Cost:

Allocation Basis = Number of material moves

Product B material moves = 400

Total material moves = 1,200

Therefore, the percentage of Product B usage of material handling activity is:

= 400/1,200 * 100

= 33%

6 0
3 years ago
It is recommended we consume half of our grains from whole grains. What part of the whole grain provides just energy?
Rufina [12.5K]

Answer:

Endosperm

Explanation:

Whole grain is considered as a health and nutrient food. Whole grain provides necessary protein and oil which helps to provide energy. In whole-grain endosperm is a part which is important to get energy as it helps to provide starch which is full of protein and nutrients. This why food made of grain is used to improve the energy level.

6 0
3 years ago
Liana Amiri (single with no dependents) has the following transactions in 2021: AGI (exclusive of capital gains and losses) $540
Alika [10]

In this situation where Liana Amiri, who is single with no dependents, carried out the stated capital transactions in 2021, her net capital gain or loss is <u>$0</u>.

<h3>What is capital gain or loss?</h3>

The capital gain or loss is the difference between the selling price and the cost or purchase price of an investment or property.

When the selling price is more than the cost, a capital gain arises.  When the cost is more than the selling price, a capital loss arises.

<h3>Data and Calculations?</h3>

AGI (exclusive of capital gains and losses) $540,000

Long-term capital gain          $22,000

Long-term capital loss              (8,000)

Net long-term capital gain = $4,000

Short-term capital gain         $19,000

Short-term capital loss          (23,000)

Net short-term capital loss $4,000

Thus, Liana Amiri's net capital gain or loss is $0 ($4,000 - $4,000).

Learn more about capital gain or loss at brainly.com/question/25117603

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2 years ago
2. What is the range of the FICO score?
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Answer:

true: credit card history

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