1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nina [5.8K]
3 years ago
9

2. Fargo Corporation distributes property (basis of $260,000 and fair market value of $310,000) to a shareholder. Fargo Corporat

ion has sufficient E & P for its distributions. What are the tax consequences of this distribution to Fargo?
Business
1 answer:
earnstyle [38]3 years ago
8 0

Answer:

The distribution by Fargo corporations has the following tax consequences

  • The corporation has distributed an appreciated property( that on its own makes it liable for tax)
  • The corporation must recognize the gains or losses made on the distribution as if the corporation was selling the property to the shareholder.
  • Apply capital gains tax on the gains or losses
  • capital gain = $310000-$260000 =$50000
  • Apply any annual exclusion and multiply by the Capital Gains Tax to arrive at Taxable Capital Gain to be included in incomes

The shareholder will recognize dividend received in the market value and will be subject to exemptions if applicable.

Explanation:

You might be interested in
Adrian owns an older used car that is valued at about $1,000.
Liula [17]

Answer:

Purchasing insurance can help Adrian  minimize  risk. Adrian’s best decision in this case is to  not buy the insurance because the policy is too expensive in relation to the value of his vehicle

0 0
4 years ago
In its simplest form, amdahl's law maintains that if a given program would take one hour to run to completion with one processor
AlladinOne [14]
<span>20% is the maximum speed up possible for this program. For this problem, let's assign the time of 1 for the task when using a single processor. Now let's assume that we have an infinite number of processors available to handle the portion of the program that can be executed in parallel so that the execution time for that portion will be 0. That means that the total execution time with an infinite number of processors will be 1 * (0.80 + 0) = 1 * 0.80 = 0.80 So at best, the parallel program will take 80% of the time for the single threaded version. So the speed increase will be (1 - 0.80) / 1 = 0.20/1 = 0.20 = 20%</span>
4 0
3 years ago
During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore,
QveST [7]

The statement, "During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore, could only exist as a part of underground culture" is True

Option a

<u>Explanation: </u>

All across the 1920s, the creation of Soviet Art was followed by an era of severe ideological competitiveness among artistic groups, which each tried to ensure that their views were given a priority for the determination of the shapes and instructions under which soviet art will also grow.

The increasing crisis of radical left wing artwork done this fight even more angry, In the late 1930's, several avant-garde movements that emerged in the 1910s had become tired and began depicting artifacts in real life, as they sought to return to the traditional model of drawn pictures.

6 0
3 years ago
Which is the main force behind the decisions made by producers in a free-market society?
marysya [2.9K]
The profit motive

Hope this helped!
STSN
7 0
3 years ago
Read 2 more answers
McGill purchases additional office equipment to better serves its customers. This purchase is classified as what type of activit
anastassius [24]

Answer: Investing activity.

Explanation:

McGill purchase of office equipment to better serve their customers is an investing activity. An investing activity is the cost recorded by a business organization on investments and procurement of equipments for smooth business operations.

3 0
3 years ago
Other questions:
  • Brenda young desires to have $15,000 eight years from now for her daughter's college fund. if she will earn 6 percent (compounde
    9·2 answers
  • Compared to a Direct Unsubsidized Federal Loan, a Direct Subsidized Federal Loan provides which benefits?
    9·1 answer
  • The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.
    5·1 answer
  • Suppose you purchase a 8-year AAA-rated Swiss bond for par that is paying an annual coupon of 8 percent and has a face value of
    14·1 answer
  • In the B2B buying process, ________ can provide tremendous cost savings for firms because they eliminate periodic negotiations a
    5·2 answers
  • A. property rights are closely linked to the degree with which individuals use their entrepreneurial skills.
    14·1 answer
  • Which of the following is a fixed expense for Maria's sandwich food truck?
    15·1 answer
  • Fracking is the process by which oil is extracted from underground using a high-pressure water mixture. This procedure probably
    9·1 answer
  • A break-even analysis includes operating expenses and total monthly debt payments,
    9·1 answer
  • The differences between the two are that ________ involve(s) both manufacturing and procurement with multiple manufacturers, sup
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!