Answer:
A. $30,000
Explanation:
Jack realises gain of ( 100000 FMV of stock + 30000 FMV of car - 75000 Adjusted basis )
$ 55000
Jack recognises gain of $ 30000 i.e the FMV of the property ( car ) other than the stock received.
Therefore, The amount of gain that R must recognize on the exchange is $30,000.
Answer:
$200,000
Explanation:
Asset is recorded in the books on a value of the consideration paid at the time to acquire the asset. In this question the building is purchased by issuing $200,000 (10,000 shares x $20) value of shares.So, the building should be recorded at a value of $200,000 in the books.
The Journal Entry for the transaction is as follow:
Dr. Building $200,000
Cr. Common Stock (10,000 x $4) $40,000
Cr. Add-in-Capital common stock ($200,000-$40,000) $160,000
Answer:
Follow his lead and address him formally
Explanation:
If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.
Answer:
Long term liability
Explanation:
Long term liability is defined as the amount of money a business owes that is due above a year. It is liabilities that do not affect the current liquidity of the business and its ability to do business.
In this scenario Chestelle Corporation has borrowed a large amount of money that is due in 4 years. It is due in over a year so it is a long term liability.
Long term liabilities are usually used to purchase capital assets or to make long term investment
Answer:
Amount after 15 years = 183255.011
Explanation:
Below is the calculation to find the amount after 15 years:
Annuity amount or early deposited amount = $5200
Time period = 15 years
Interest rate = 11.3 %
Now we have to find the amount after 15 years:
Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]
Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]
Amount after 15 years = 183255.011
