Answer:
a. Rhonda’s basis in the YoYo Corporation stock is $55,000.
Explanation:
The computation of Rhonda’s basis in the YoYo Corporation stock is shown below:-
Rhonda’s basis in the YoYo Corporation stock = Basis of the land transferred + gain recognized - Boot received
= $55,000 +$20,000 - $20,000
= $75,000 - $20,000
= $55,000
Rhonda recognizes income to the extent of the $20,000 cash received. So, stock basis is $55,000.
The advertising done by the marketing firm for the medical device company will likely increase their sales. This in turn will create a new equilibrium point in the graph presented. Thus, the answer to the question above is letter A.
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A) Mendez's ethical responsibilities are,
1)Competence
2)Confidentiality
3)Integrity
4)Credibility
B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.
Explanation:
1)
Integrity
Cometence
Credibility
IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are
1)Competence
2)Confidentiality
3)Integrity
4)Credibility
2)
Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.
Answer: $1,304.30
Explanation:
Current price can be calculated by the formula:
= 1,300 * ( 1 + (4% - 2%)) ^ 2/12 months
= 1,300 * 1.0033058903246372019414946658385
= $1,304.29
= $1,304.30