1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
miskamm [114]
3 years ago
10

Janice and Thom form Level Corporation. Janice transfers equipment (worth $60,000, basis of $40,000) for 50% of the stock in Lev

el. Thom transfers inventory (worth $20,000, adjusted basis of $15,000) and provides services worth $40,000 for 50% of the stock.
Because this transaction_______(meet or not) the control of the corporation requirement, Janice has income of $_______and Thom has income of $______.
Business
1 answer:
WINSTONCH [101]3 years ago
6 0

Answer:

Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $

Explanation:

Based on the information we were told that Thom provide service that is worth $40,000 which means that the amount of $40,000 is Thom income but we were not told that Janice has an income, which means that Janice will have an income of $0.

Hence, Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $

40,000.

You might be interested in
If the government increase its regulations on business, production costs go
boyakko [2]

Answer:

false

it can increase instead of decreasing

4 0
4 years ago
Read 2 more answers
Which of the following is a correct explanation for why the aggregate demand curve slopes​ downward? A. As the price level decre
Tems11 [23]

Answer:

C. As the price level decreasesdecreases​, the real value of cash balances increasesincreases​, and total expenditures riserise. 

Explanation:

The aggregate demand curve is a curve that shows all the output demanded at different price levels in an economy.

The aggregate demand curve in downward sloping. This is according to the law of demand which says, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.  

Therefore, when prices fall, the real value of cash balances increases​, total expenditures rises and quantity demanded rises.

When prices fall, export increases and net export rises.

I hope my answer helps you

5 0
3 years ago
Caro has $10,000 to invest. Her best friend, Imelda, happens to be a stockbroker. Imelda tells Caro that her investments should
Dafna1 [17]

Answer:

1. b. $3,400 in a mutual fund, $3,300 in bonds, and $3,300 in a land purchase

This is the most diversified because it involves equal or almost equal amounts put into separate instruments which means that a loss will be less likely to affect this portfolio because a loss affecting one instrument might not affect the rest

2. a. $10,000 in a mutual fund

This is the second most classified because Mutual funds invest in a variety of instruments so investing in Mutual funds is akin to investing in a variety of instruments.

3. c. $5,000 in one stock and $5,000 in another stock

This is the third most diversified because even though it involves investing in separate stocks, stock still generally move together in terms of performance so if one stock suffers a loss, there is a high chance the other will too.

4. d. $10,000 in one stock

This is not diversified at all because all the funds are on one instrument.

5 0
3 years ago
What is a transferrable skill?
Zina [86]

Answer:A transferable skill is an ability or expertise which may be used in a variety of roles or occupations. Examples include communication, problem-solving and self-control.

Explanation: trust

6 0
3 years ago
A consumer will use one of three general problem-solving variations, extended, limited, or routine, based on product knowledge a
Rashid [163]

Answer: level of involvement

Explanation:

It should be noted that when people want to purchase a product, they usually look for information themselves or probably seek informations from those close to them such as friends and family.

It should be noted that a consumer will use one of three general problem-solving variations, extended, limited, or routine, based on product knowledge and level of involvement.

5 0
4 years ago
Other questions:
  • ______ try to influence government to produce collective goods or services that benefit the general public. Equal opportunity in
    15·1 answer
  • Silver Mining is opening a new mineral extraction facility in the local town and will employ several thousand people. They have
    13·1 answer
  • Which two user mapping methods are supported by the user-id integrated agent? (choose two.)?
    9·1 answer
  • He trial-and-error method of solving problems is also known as ______________.
    6·1 answer
  • Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted reve
    14·1 answer
  • The three main methods that can be used to achieve the efficient use of a common resource are:___________.
    10·1 answer
  • NbADBGLKvb.ka Dvhb.wrkbvkrh.hbk.cS
    10·2 answers
  • Morgan Stanley's wealth management unit offers to invest profits of $750,000 made by an artist on a world tour at 7% compounded
    8·1 answer
  • To ensure the completeness of a business message, a writer should.
    9·1 answer
  • All else equal, imposing taxes in markets where demand and supply are price- not only causes less but also raises more .
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!