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pogonyaev
3 years ago
6

ROBERTA transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with

a fair market value of $350 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $150 on the property transferred. What is the amount realized by Roberta in the exchange? A. $500 B. $400 C. $350 D. $250
Business
1 answer:
Neporo4naja [7]3 years ago
5 0

Answer:

correct option is A. $500

Explanation:

given data

tax basis = $400

fair market value = $500

fair market value = $350

liability = $150

solution

we get here  amount realized by Roberta in the exchange that is express as

= fair market value of the stock receive +  from the liability  ...................1

amount realized = $350 + $150

amount realized = $500

so correct option is A. $500

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Brilliant_brown [7]

Answer:

Marilyn take a good decision.

Explanation:

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4 0
3 years ago
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:
Lera25 [3.4K]

<u>Solution and Explanation:</u>

The following journal entries will be passed in the book sof fasteners Inc., Co., which is a supplier of buttons and zippers for clothing

Date        Accounts Titles and Explanation  Post Ref    Debit  Credit

1 Nov-21  Notes receivable                                      $ 72,000  

      Accounts receivable-McKenna Outer Wear Co.        $ 72,000

2  Dec-31  Interest receivable (72000 * 9 \% * 40 / 360)    $720  

 Interest revenue                                                     $ 320

3  Jan-20  Cash                                           $ 73080  

 Interest revenue (72000 * 9 \% * 20 / 360)         $360

 Interest receivable                                          $720

 Notes receivable                                               $72,000

Note: the figures have been calculated and rounded off in the nearest dollar amount.

4 0
3 years ago
If the Japanese production function is Cobb–Douglas with capital share 0.3, output growth is 3 percent per year, depreciation is
miss Akunina [59]

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Explanation:

The Golden Rule savings rate is referred to as the rate of savings which maximizes steady state level or growth of consumption.

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In a steady state, therefore: sf(k)=(n+d)k

Growth rate of output =3%

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Capital output ratio is (K/Y)

= 2.5

Begin the steady state condition:

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Capital output ratio=

K/Y= Capital share / MPK

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In the golden state, the capital output ratio is equal to 4.29 in comparison to the current capital ratio 2.5.

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S= ( σ + n + g) (k/Y)

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The saving rate that is consistent with the steady growth rate is 0.30

6 0
3 years ago
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Vinvika [58]

Answer:

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Explanation:

8 0
3 years ago
Read 2 more answers
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Answer:

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6 0
3 years ago
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