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harina [27]
3 years ago
10

From the perspective of the parent corporation, contrast the tax consequences of a subsidiary liquidation under the general nonr

ecognition rules with a subsidiary liquidation that follows a § 338 election.
Business
1 answer:
erik [133]3 years ago
6 0

Answer:

Section 338 allows the corporation to purchase stock and retain the basis of assets. It also allows adjusting the basis for the assets. Under section 338 the, if the corporation sold its assets, the transactions related to sale will be subjected to double tax. Whereas, if the corporation cause liquidation for the target asset's and then undergo for a sale is subjected to single tax.  

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A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category t
sergij07 [2.7K]

Answer:

Credit union.

Explanation:

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks to employees such as teachers, educators, nurses, etc.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

In this scenario, a financial institution advertises itself as especially oriented towards educators and teachers. Thus, the category this institution would most likely fall under is a credit union because it's not run like businesses that is after making profit i.e it's a non-profit business established to assist employees with their finances.

6 0
3 years ago
Read 2 more answers
Using the fixed-order quantity model, which of the following is the total ordering cost of inventory given an annual demand of 3
Gennadij [26K]

Answer:

E) $2,400

Explanation:

optimal order quantity = sqrt{(2*D*S)/H}

                                     = sqrt{(2*36,000*$80)/$4}

                                     = $1,200

number of orders per year = $36,000/$1,200

                                             = $30

total ordering cost = $30*$80

                               = $2,400

Therefore, The total ordering cost of inventory is $2,400.

3 0
3 years ago
Luthan Company uses a predetermined overhead rate of $22.60 per direct labor-hour. This predetermined rate was based on a cost f
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Answer:

$248,600

Explanation:

The computation of amount of manufacturing overhead is shown below:-

Amount of manufacturing overhead would have been applied = Predetermined overhead rate × Actual direct labor-hours

= $22.60 × 11,000

= $248,600

Therefore for computing the amount of manufacturing overhead we simply multiply the Predetermined overhead rate with Actual direct labor-hours

5 0
3 years ago
"when johanna cut prices in her jewelry store by 20 percent, the dollar value of her sales fell by 20 percent. this indicates th
anzhelika [568]
How much ever percent she cuts so will the value of her sales
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4 years ago
An economist will consider the sunk cost of a product line before recommending an improvement to the product. True or false
Lera25 [3.4K]

Answer:

false

Explanation:

8 0
3 years ago
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