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olya-2409 [2.1K]
4 years ago
9

Martin transfers real estate with an adjusted basis of $260,000 and fair market value of $350,000 to a newly formed corporation

in exchange for 100% of the stock. The corporation assumes the liability on the transferred real estate in the amount of $300,000.
If amount is zero, enter "0".

Martin has a recognized gain on the transfer of $ and a basis of $ for his stock.
Business
1 answer:
snow_lady [41]4 years ago
7 0

Answer:

Martin has a recognized gain on the transfer of <u>$40,000</u> and a basis of <u>$0</u> for his stock.

Explanation:

Martin's gain = liability assumed on the real estate transfer - real estate basis = $300,000 - $260,000 = $40,000

Martin's basis for his stock = real estate basis + recognized gain - liability assumed on the real estate transfer = $260,000 + $40,000 - $300,000 = $0

In this case the corporation assumed a liability, and the basic accounting equation is:

assets = liabilities + equity

If the liability's value offset the asset value, then there is no increase in equity.

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Which of the following equations describes customer value?
Vlad1618 [11]

Answer:

A. Customer value = customer benefits - customer cost

Explanation:

The customer value is the worth of a product or a service as compared to other alternatives in the standpoint of a customer.

It is basically like the worth of obtaining a product or a service is to a customer. Customer value can be considered how a customer benefits from the product minus the cost of obtaining the product.

Benefits and cost does not always have to be in the form of cash. A benefit can be in the form of quality, value, experience and cost can be in terms of time, effort, or energy.

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4 years ago
Client 5 I am a 45-year-old agricultural scientist. I have been working for years to come up with a natural egg that is free of
Luba_88 [7]

Answer:

corporation

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Explanation:

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8 0
3 years ago
Johnson &amp; Johnson has a reputation for being a company with high levels of corporate social responsibility to all of its sta
Lera25 [3.4K]

1. Organizations have the knowledge and resources to do good in the community, so they are responsible for helping others.

Explanation:

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3 0
3 years ago
When you widen a column that results in excess row heights, you can eliminate the excess row height by:
melisa1 [442]

Answer:

Using the shortcut keys Alt+O+R+A

Using Home/Cells/Format/Auto Fit Row Height

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Explanation:

The excess row height could be resulted, if you set a row height manually. It can be fixed by some shortcut, or using the functions available in the Tabs.

You can fix this by Entering a short key of Alt+O+R+A. It will automatically adjust you row height according to format and data in the specific row.

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You can also adjust the row height by Double clicking the bottom of the number box of the row.

8 0
3 years ago
Severus Co. has to pay 5 million Canadian dollars for supplies it recently received from Canada. Today, the Canadian dollar has
Artist 52 [7]

Answer:

Based on this information, the Canadian dollar is expected to <u>DEPRECIATE BY 0.8%</u> tomorrow, and Severus would prefer to make payment <u>TOMORROW</u>.​

Explanation:

Since the Canadian dollar tends to depreciate by 40% after it appreciates more than 1% against the US dollar, we can calculate the expected depreciation:

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Since Severus expects that the Canadian dollar will depreciate tomorrow by 0.8%, it will wait until then to pay its debt.

7 0
4 years ago
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