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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.

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All of the following are positive outcomes of employee development except: Group of answer choices development enhances the orga
Lilit [14]

Answer:

development enhances the organization's capacity to control environmental forces

Explanation:

Employee development can be described as when an employer takes certain certain steps to increase the skills, competences and knowledge of the employees.

Employee development can take the form of :

  • trainings
  • Mentorships
  • On the job training
  • conferences
  • job rotations

Advantages of  employee development includes :

  1. It reduces employee turnover
  2. It increases the skills of employee
  3. It increases the efficiency of employees
7 0
3 years ago
Campbell's soup offers a temporary price reduction to all grocery stores on the West Coast during the weeks of June 15th to July
insens350 [35]

Answer:

Off - invoice allowance

Explanation:

Off - invoice allowance

It is type of allowance that offer retailer to market quantities of item for a particular period of time. The main purpose of this bills is to cope up with competition and to advertise new product in the market.

It is a reduction in price made by manufacturer to retailer so to promote their product in a faster way.

4 0
3 years ago
The College Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution wi
ale4655 [162]

Answer:

A) 200 units

Explanation:

mean daily demand = 20 calculators

standard deviation = 4 calculators

lead time = 9 days

z-critical value (for 95% in-stock probability) = 1.96

normal consumption during lead-time:

= mean demand × lead time

= 20 × 9

= 180 calculators

safety stock = z × SD × √L

                    = 1.96 × 4 × √9

                    = 1.96 × 4 × 3

                    = 23.52 calculators

reorder point = normal consumption + safety stock

                       = 180 + 23.52

                       = 203.52 calculators

3 0
2 years ago
Which of these conditions signals that it is likely time to update or eliminate a
Nadya [2.5K]

Answer:

D

Explanation:

when the record is updated,

5 0
3 years ago
Neutrino Industries stock trades at $49 per share and there are 120 million shares outstanding. The management would like to rai
Gelneren [198K]

Answer:

Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.

Explanation:

To calculate this, let B represents the number of shares Neutrino Industries must sell. Therefore, we have:

Gross proceeds = $49 * B, or $49B

Underwriter charges = 6% * $49B = $2.94B

To raise $400 million, we deduct the underwriter charges from gross proceeds and solve for B as follows:

$49B – $2.94B = $400,000,000

$46.06B = 400,000,000

B = 400,000,000 / 46.06

B = 8,684,324.79 shares, or 8.68 million shares.

Therefore, Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.

4 0
3 years ago
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