Answer:
150000
Explanation:
The question says that Harry received a fair market value = 450000 dollars
Meanwhile he transferred 650000 dollars of assets
Fair value of assets = 650000 - 200000 = 450000
Harry's adjusted basis = 350000
Therefore the share received will be:
350,000 - 200,000
= 150,000 dollars.
Harry's basis in the stock received from the corporation is $150,000.
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Answer:
D. $ 367.500
Explanation:
We have to first compute the total direct labor cost. This is done by multiplying the estimated direct labor hours with the hourly rate.
Total Direct Labour costs $ 17.50 per hour * 15,000 hours = $ 262,500
Estimated manufacturing overhead per the data in the question is 140 % of Direct labor cost,
Estimated manufacturing overhead is $ 262,500 * 140 % = $ 367,500
Answer:
<em>Credit Unions</em><em> </em>is known as a cooperative association.
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Answer:
storming stage
Explanation:
Based on the scenario being described within the question it can be said that your team seems to be in the storming stage of team development. This stage is regarded as one of the most difficult and important stages for a team to pass through and where success creates long-term beneficial gains for the team but failures create long-lasting and usually fatal problems for the team.
