Answer:
Explanation:
lol because its the business and elon musk said it himself and heas richest in world
e34rorowjiop
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.
Replacement rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance.
Insurance refers to a type of risk management in which the insurer provides the insured with protection from risks of all kinds - financial, health, accidental, etc.
The insured is also called the policyholder, and he makes a payment called premium to be insured. If the specified event for which the insurance cover is provided takes place, the insurer is bound to compensate the insured financially.
A replacement rule delineates the process in which the premium payments on existing policy is discontinued or forfeited, and a new policy is purchased.
To learn more about the replacement rule: brainly.com/question/27922977
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Answer:
$25,000 will be an ordinary income(FMV)
Explanation:
Kate received an offer of unrestricted partnership capital interest for the expertise services. so, Kate recognizes it's an "ordinary income"which should be booked at the fair market value of the partnership interest so offered.
i.e $25,000 is ordinary income (FMV)
Answer:
A) Total revenue = 400 loaves of bread x $2 per loaf of bread = $800
B) Total economic costs = (5 units of labor x $40 per unit of labor) + (7 units of land x $60 per unit of land) + (2 units of capital x $60 per unit of capital) + (1 unit of entrepreneurial ability x $20 per unit) = $200 + $420 + $120 + $20 = $760
C) Economic profit or loss = total revenue - total economic costs = $800 - $760 = $40
