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V125BC [204]
3 years ago
14

Diego transfers real estate with an adjusted basis of $648,400 and fair market value of $907,760 to a newly formed corporation i

n exchange for 100% of the stock. The corporation assumes the liability on the transferred real estate in the amount of $771,596.
Determine Diego's recognized gain on the transfer and the basis for his stock. If amount is zero, enter "0". Diego has a recognized gain on the transfer of $ and a basis of $ for his stock.
Business
1 answer:
Monica [59]3 years ago
3 0

Answer:

123,196

Explanation:

Recognized gain

= Liability on transferred real estate - Adjusted basis

= 771,596 - 648,400

= 123,196

Basis = 0

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Change management is the process of preparing your organization for growth and creating processes that effectively deal with a developing marketplace. The objective of change management is to create a dynamic organization that is prepared to meet the challenges of your industry.
6 0
2 years ago
A couple has two children. They live in Missouri and have a combined annual income of $96,730. The couple has a mortgage, a car
Mashutka [201]
I'm going to guess, but i would say the best answer would be B. They could file for Chapter 7 bankruptcy and discharge most of their debt.
6 0
3 years ago
It costs firm A $800 to produce five radios and it costs firm B $500 to produce five batteries. If Firm A merges with firm B, it
Zigmanuir [339]

Answer:  b. ​Economies of Scope

Explanation:

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Goods that usually achieve Economies of Scope are goods that are compliments, produced by similar methods or use similar inputs for production.

Firm A merging with Firm B produced the 5 radios and batteries cheaper so the new company is experiencing Economies of Scope.

5 0
3 years ago
obinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary d
ZanzabumX [31]

Answer:

Robinson's deferred income tax expense or benefit for the current year would be $6,700

Explanation:

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= Deferred tax expense - adjustment of tax based on the tax rate

where,

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6 0
2 years ago
which term describes the redesigning of an organization so that it can more effectively and efficiently serve its customers?
oksian1 [2.3K]

Redesigning the organization so that it is more efficient and effective is called restructuring

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6 0
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