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
Mila [183]
3 years ago
7

Leonard transfers equipment (basis of $40,000 and fair market value of $100,000) for additional stock in Green Corporation. Afte

r the transfer, Leonard owns 90% of the stock. Leonard had claimed depreciation of $50,000 on the equipment prior to transferring it to Green Corporation. With respect to the transfer:a.Leonard has ordinary income of $50,000.b.Leonard has ordinary income of $50,000 and a § 1231 gain of $10,000c.Green Corporation has ordinary income of $50,000.d.Green Corporation has a basis of $40,000 in the equipment and it will have no depreciation recapture if it later disposes of the equipment in a taxable transaction.e.None of the above
Business
1 answer:
Crank3 years ago
8 0

Answer: e. None of the above.

Explanation:

Under IFRS, leonard will not recognize this either gain or depreciation as the transfer has taken place. But when Green Corporation sells the equipment then it will have to consider the potential which was generated in respect to the transfer with leonard.

You might be interested in
our neighbor has monthly expenses totaling $3350. His employer has indicated that the firm is expecting to announce layoffs soon
9966 [12]

Answer:

$20,100

Explanation:

You will have to multiply the monthly expenses by 6

$3,350 x 6

= $20,100

A layoff is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees for business reasons, such as personnel management or downsizing an organization.

When calculating how much you will need, don't plan for just your largest bills. You'll need enough to cover mortgage or rent and vehicle payments, but you will also need to pay utilities, credit cards, insurance, and buy groceries. Everything that's in your normal budget should be considered.

Though you may spend lesser since you're no longer going to work BUT you must consider your normal monthly budget.

3 0
3 years ago
obligations not expected to be paid within the longer of one year or the company's operating cycle are reported as
Black_prince [1.1K]

Answer:

Long term liabilities.

Explanation:

This can be easily or mostly be used in companies and also firms. In most cases they are been tagged a non-current liability.

They are generally defined to be obligations that are not been settled for/paid off in the current year or accounting period. Therefore, debts of this kind are not due within a year. Dept of this kind ranges from notes payable to bonds payable, also mortgages and are also seen as leases in a company settings.

In as much as this is not good for a company's financial health, investors and creditors see how the company is financed through this. Current obligations are seen to be more risky than non-current debts because they will need to be paid sooner.

3 0
3 years ago
Will give BRAINLIEST! Please read the question THEN answer correctly! No guessing.
JulijaS [17]

Answer:

D

Explanation:

Since Sula is making her decision based on what would be environmentally friendly, she is being socially responsible, but not necessarily analyzing the other variables. Therefore, the answer is D. Hope this helps!

3 0
3 years ago
Which of the following statements about Treasury bonds is the most accurate? Treasury bonds are completely riskless. Treasury bo
WARRIOR [948]

Answer: 1. Treasury bonds are not completely riskless, since their prices will decline when interest rates rise.

2. Walmart

3. Corporate bonds

Explanation:

1. Indeed even though Treasury bonds have a very low risk rating, they are not completely risk-less. They have a very low risk rating because they will always be honoured (US T - bonds that is) and so that eliminates the default risk. However, they are still exposed to maturity risk as well as inflation risk for the most part. This means that as interest rates rise therefore, their prices drop making them just a little but risky.

2. Walmart issued the bonds making them the issuer. The rest of the names are Underwriters.

3. Since the bonds were issued by a Corporation being Walmart, the bonds are Corporate Bonds.

8 0
3 years ago
What is professonal education?​
alexira [117]

Answer:" Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior."

Explanation:

7 0
3 years ago
Other questions:
  • The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.93; actual, $2.03 Standa
    5·1 answer
  • Ot counting any medical expenses or the cost of a new car, a dwi conviction may carry a total financial cost of __________ or mo
    5·1 answer
  • Joanie takes a $6000 loan to pay for her car. The annual interest rate on the loan is $12%. She makes no payments for 4 years, b
    8·1 answer
  • One of the roles that a small business manager may emphasize over a counterpart in a large organization is:
    7·1 answer
  • Pacific Company sells only one product for $ 12 per​ unit, variable production costs are $ 3 per​ unit, and selling and administ
    7·2 answers
  • How can knowledge of call options help a financial manager to better understand warrants and convertibles
    7·1 answer
  • Talia, a project manager, estimates that a project will take a year to complete. She gets the estimation approved, although it i
    15·1 answer
  • What do statistics show about most Americans’ financial management?
    14·1 answer
  • Last year, loana's revenues totaled $121,000. This year, she anticipates a 20% increase. However, her
    10·1 answer
  • When tires are taxed and sellers of tires are required to pay the tax to the government, Group of answer choices the price paid
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!