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IceJOKER [234]
2 years ago
9

Steak Company acquired a building valued at $170,000 for property tax purposes in exchange for 10,000 shares of its $5 par commo

n stock. The stock is widely traded and selling for $16 per share. At what amount should the building be recorded by Steak Company?
Business
1 answer:
Yuliya22 [10]2 years ago
3 0

Answer:

$160,000

Explanation:

Data provided in the question:

Value of the building acquired = $170,000

Number of shares exchanged = 10,000

Selling price of the stocks = $16 per share

Now,

The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.

Therefore,

The amount for which the building will be recorded by Steak Company

= Number of shares exchanged × Selling price of the stocks

= 10,000 × $16

= $160,000

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Jing-Sheng facilitated a hiring committee for his advertising company. Six employees (including two managers) met together to di
Natali [406]

Answer:

D) participative

Explanation:

A participative leader is someone who is really involved in the company's activities and will be willing to receive input or advice from different employees and staff members. The leader will be open to consider the opinions of different staff members during decision making processes.

The leader as well as his/her staff members will be able to access all the relevant information and discuss possible options. Some participative leaders will also be willing to decide important issues through majority votes that include the leader and important staff members.

8 0
2 years ago
Ms. Jorgen recently moved from Boston to Pittsburgh to take a job with OP Inc. She sold her home in Boston and OP paid the $14,5
drek231 [11]

Answer:

Ms. Jorgen will report only the Taxable gain and losses from the purchase and will not report the commission paid for by OP Inc

Explanation:

Gross Income Definition is total amount( the amount is $14500), in cash(the $14500 is cash) or otherwise ( asset value), Accrued to, received by or in favor of ( the amount of $14500 is in paid in favor of her) and must not be of a capital nature ( the commission is of a capital nature. Therefore it will not be reported as income.

5 0
3 years ago
If you are asked to describe how you handled the problem with your manager in your past job, what type of interview question was
skelet666 [1.2K]

Answer:

The correct answer is letter "B": behavioral interview.

Explanation:

A behavioral interview is the type of interview in which applicants are questioned how they reacted in front of different types of situations. This is done with the idea applicants' past actions can predict the way they are likely to behave in the future. Most interviews have behavioral questions for applicants but do not only focus on their past reactions at work.

8 0
2 years ago
Jack is buying the Padillas' home. He makes his offer and in his terms states, he wants all the window treatments, refrigerator,
gogolik [260]

Answer:

c) Counteroffer

Explanation:

A counteroffer determines this when an offer is being created for the purpose of the earlier offer by another person during the negotiation for creating the ending contract. To make the counteroffer is to reject the previous offer and is created under the terms of the counteroffer or there will be no contract.

Here according to the given scenario, Jack makes the offer in the condition that he needs only microwave, refrigerator, and window treatment and this will be a sale part. Now, Padilla who is selling the home is accepting the terms of Jack with the condition that the refrigerator will remain in the home. So, this case is called the counter offer.

5 0
3 years ago
A 4-year project has an annual operating cash flow of $53,500. At the beginning of the project, $4,450 in net working capital wa
Angelina_Jolie [31]

Answer:

E. $63,401

Explanation:

gain on disposal = salvage value of plant - book value on date of sale

                            = $5,790 - $4,820

                            = $970

tax on disposal = $970*35%

                          = $339.50

after tax salvage value = $5,790 - $339.50

                                       = $5,450.50

total cash flow in 4 years

= annual operating cash flow + net working capital + after tax salvage value

= $53,500 + $4,450 + $5,450.50

= $63,401

Therefore, The Year 4 cash flow is $63,401.

3 0
3 years ago
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