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
IceJOKER [234]
2 years ago
6

Jane and Walt form Yellow Corporation. Jane transfers equipment worth $950,000 (basis of $200,000) and cash of $50,000 to Yellow

Corporation for 50% of its stock. Walt transfers a building and land worth $1,050,000 (basis of $400,000) for 50% of Yellow's stock and $50,000 in cash.a.Jane recognizes no gain; Walt recognizes a gain of $50,000.b.Jane recognizes a gain of $50,000; Walt recognizes no gain.c.Neither Jane nor Walt recognizes gain.d.Jane recognizes a gain of $750,000; Walt recognizes a gain of $650,000.e.None of the above.
Business
1 answer:
Naddika [18.5K]2 years ago
4 0

Answer:

A) Jane recognizes no gain; Walt recognizes a gain of $50,000.

Explanation:

§ 351 allows individuals or businesses tax free transfers to controlled corporations. In other words, Jane and Walt can transfer assets to form Yellow Corporation without recognizing any gain or loss.

Since Walt received some money from this transaction, that must be considered a gain since it is not included under § 351.

You might be interested in
What is economics, and how are the three sectors of the economy linked?
marysya [2.9K]

Answer:

This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!

Explanation:

Economic Resources

For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.

What you need to know:

What is a PRODUCER?

a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.

What is a RESOURCE?

a stock or supply of goods, materials, and products that can be bought  by a person or organization in order to function effectively.

What is an ECONOMIC resource?

Natural supplies that can be used to make a product. It is important for the success of the company.

Classification of Economic Resources:

Natural resources (LAND)

Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.

Human resources (LABOUR)

Capital resources (CAPITAL)

Entrepreneurship (ENTERPRISE)

3 0
2 years ago
The world's largest bank, Deutsche Bank, set as its objective to make its brand name as recognizable in the United States as Fed
Gemiola [76]

Answer:

A. Tactical Planning

Explanation:

Tactical planning is a type of an organization's strategic plan used in achieving a specific goal. It's used after an organization outlines a strategic plans indicating general organizational goals and objectives. Tactical plans usually describes the methodology to be used in achieving each of those general goals in the strategic plan. It is done in order to achieve long term goals. Therefore, for Deutsche bank to be able to implement their long range plan, they need to employ the use of tactical planning.

8 0
2 years ago
The fritolay, a standalone division of pepsico may be classified as a(n) question content area bottom part 1 a. investment cente
lina2011 [118]

The fritolay, a standalone division of pepsico may be classified as a  revenue center. A revenue center is a separate operating division of a company that is in charge of producing sales. For instance, a department shop might view each of its departments as a revenue center, including men's, women's, and children's clothing, jewellery, and so forth.

The sole thing that cost centers do, like revenue centers, is monitor costs, making them the revenue center's opposite. Revenue centers are marketing departments that are immune from profit generation and responsibility because they solely measure production. The business activity in charge of producing a company's sales revenue is known as a revenue center.

To learn more about revenue center, click here.

brainly.com/question/15857795

#SPJ4

3 0
1 year ago
A fall in real GDP that results in a decrease in personal income tax receipts is an example of​ ______.
lyudmila [28]

Answer:

c. automatic fiscal policy 

Explanation:

Automatic fiscal policy are policies triggered automatically due to the state of the economy which causes either government spending or taxes to increase or decrease.

For example, if the economy is undergoing a downturn and real GDP falls, the amount paid as taxes would fall.

If the economy is booming and the real GDP rises, the amount paid as taxes would rise.

These are examples of automatic fiscal policies.

Discretionary fiscal policy is when the government purposely increases or reduces either its spending or taxes in response to the economic conditions.

I hope my answer helps you.

5 0
3 years ago
Which is not a factor that an insurance company would consider before
babunello [35]
I would suggest B because I wouldn’t believe would want their house to be gone
5 0
2 years ago
Other questions:
  • Blue Spruce Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivab
    13·1 answer
  • On October 5, Narveson Company buys merchandise on account from Rossi Company. The selling price of the goods is $6,380, and the
    7·1 answer
  • . Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort
    10·2 answers
  • An item owned by a house hold or business that has a monetary value
    15·2 answers
  • While asia represents an important source of u.s. imports, few export opportunities exist for u.s. firms to sell goods and servi
    15·2 answers
  • The balance in Accounts Receivable at the beginning of the year amounted to $3,360. During the year, $10,640 of credit sales wer
    15·1 answer
  • Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and
    9·1 answer
  • Teachers at the kindergarten through high school level may deduct up to $225 of education supplies and materials cost each year
    6·1 answer
  • Where have you seen marketing take place?
    5·1 answer
  • Globalization can create more opportunities for marketers but along with that comes more pressure because they must take into ac
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!