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.
Based on the MSRB pay to play rule, the contribution by the finance professional to the candidate b. cannot exceed $250.
<h3 /><h3>What is the MSRB pay to play rule?</h3>
This is a rule that governs financial dealings in municipalities between those in the municipal securities business and the non affiliated persons.
One of the rules states that a finance professional that is registered in a municipality cannot contribute more than $250 to a candidate running for Mayor as it might cause bias.
Find out more on the MSRB pay to play rule at brainly.com/question/14229649
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Answer:
Debit to Employee Benefits Expense $21,140
Explanation:
Preparation of Athena Company entry to record the accrued benefits for the month
Using this formula
Accrued Expenses = Gross salary ×Percentage of the amount contributed+ Insurance cost
Let plug in the formula
Accrued Expenses= $151,000 × 0.04
= $6,040 + $15,100
= $21,140
Debit to Employee Benefits Expense $21,140.
Therefore the entry to record the accrued benefits for the month would include a: Debit to Employee Benefits Expense $21,140.
Answer:
$65,000
Explanation:
Borasco was the person who purchased the land for $65,000 in which the land was later transferred to Alvo. Therefore no gain or loss is been recognized in this liquidation because it subsidiary is been liquidated by the parent which is why the basis of land is said to be carryover basis of $65,000 at the end of the transaction.
ob topics typically relate to the individual, team and organizational levels of analysis.
