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chubhunter [2.5K]
3 years ago
14

Mr. Brown transferred property, which had an adjusted basis to him of $40,000 and a fair market value of $50,000, to Corporation

B in exchange for 100% of B’s only class of stock and $15,000 cash. At the time of the transfer, the stock had a fair market value of $35,000. What is the amount of gain to be recognized by Mr. Brown?
Business
1 answer:
Cloud [144]3 years ago
3 0

Answer:

$0

Explanation:

The adjusted basis for any property or assets transferred to a corporation or a partnership in exchange for shares or property rights must be registered at fair market value.

In this case Mr. Brown transferred property with a fair market value of $50,000 and received in exchange stock worth $35,000 and $15,000 in cash.  ($50,000 = $35,000 + $15,000)

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pantera1 [17]

Answer:

The above statement is false .

Explanation:

When the values of subcultures do not match those of the large organisation , the subculture do not know as fragmented cultures.

Instead, the fragmented culture , is that in which the employees working in an organisation are not connected to each other. They work together but they are disconnected from each other .

Fragmented culture is very bad for any organisation . In fragmented culture the goals of all the persons working in the organisation are not unified , this can destroy an organisation . Even there is no trust in between the person working in the organisation .  

8 0
3 years ago
Why you might choose to use the method of standard additions, rather than create a calibration curve, as part of your method to
leva [86]

Answer:

This is because the Standard Addition is more likely to give a more definite measurement of the target concentration of analyte in the sample as compared to employing a calibration curve.

In a situation where sample matrix also gives to the analytical signal and establishing a situation called the matrix effect, Standard Additions is the best option to employ rather than calibration curve.

6 0
4 years ago
New Furniture. Penny purchased $3,000 worth of furniture from Bob's furniture shop. Through an arrangement with Bob, Penny finan
Vlada [557]

Answer:

Please consider the following explanation.

Explanation:

Bob is correct in this case as Penny didn't make a claim that the goods were non-conforming. Penny is incorrect. Since there was no claim of non conformance, Bob doesn't have to refund the $3.000.

8 0
3 years ago
You are concerned about the risk that a hurricane poses to your corporate headquarters in South Florida. The building itself is
Mice21 [21]

Answer:

A) $750,000

Explanation:

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3 years ago
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of direct
Rasek [7]

Answer:

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= 1 ÷ (Number of seats + 1)

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5 0
4 years ago
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