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ExtremeBDS [4]
3 years ago
5

Winkin contributes property with a value of $45,000 and Blinkin contributes property with a value of $90,000 to form Boat Corp i

n exchange for 25 and 50 shares of Boat, respectively. Which shareholder qualifies for Section 351 deferral of any gain or loss
Business
1 answer:
Vitek1552 [10]3 years ago
3 0

Answer:

Winkin, with 25 shares of Boat Corporation, qualifies for Section 351 deferral of any gain or loss.

Explanation:

IRC Section 351 has this major requirement; it only applies to the exchange of property for voting stock in the corporation. If any shareholder involved in the transaction receives equity for something other than voting stock, e.g. services; the transaction may not qualify for tax deferral.

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The price quotations of Treasury bonds in the Wall Street Journal show an ask price of 104.25 and a bid price of 104.125.
Andreas93 [3]

As a seller we would receive $1,041.25

<u>Solution:</u>

You may receive the bid price of the dealer, 104.125\% of $1,000, or $1,041.25

Prices of treasury bonds are expressed as par value amounts.  

The quote price of 104:25 means that the bond is priced at (104 + \frac{25}{100})\%= 104.25\% of the par value.  

Therefore, if the debt is $1,000, the dollar values to be charged by the borrower should be 1,000\times104.25\% = \$1,041.25

5 0
3 years ago
Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
Agata [3.3K]

Answer:

True

Explanation:

This is a negative effect of energy subsidizes. Usually governments decide to subsidize energy consumption as a way of helping low income consumers and businesses. But at the end that doesn't happen and the results are quite the opposite. Most of the subsidies are taken by higher income families, e.g. big luxury homes use a lot of electricity. Subsidies end up reinforcing inequalities and the lower income families usually pay a higher percentage of the cost of having them.

8 0
3 years ago
Your next-door neighbor, a kind, elderly lady, just discovered that her stock account had been excessively traded in an inapprop
SVETLANKA909090 [29]

This is an example of Churning.

<h3><u>What is Churning?</u></h3>
  • Churning, or excessive trading of assets in a client's account by a broker to generate commissions, is an unlawful and unethical practice.
  • Churning cannot be quantified, it may be demonstrated by the repeated purchasing and selling of stocks or other assets that fall short of the client's investing goals.
  • Churning is the practice of exchanging assets excessively in a client's brokerage account in an effort to earn commissions.

Learn more about churning with the help of the given link:

brainly.com/question/10845172?referrer=searchResults

#SPJ4

7 0
2 years ago
This rider allows for the insured to obtain additional insurance in between the specified ages including marriage and the birth
Soloha48 [4]

Answer:

guaranteed insurability rider

Explanation:

First of all, a rider is an insurance policy provision that allows customers to purchase insurance options that increase their coverage. Sometimes riders are given for free as a promotional free benefit.  

A guaranteed insurability (GI) rider grants a current policy holder the option to purchase additional life insurance with no underwriting.

8 0
3 years ago
Why is it more likely that employee referral programs are effective and successful?
777dan777 [17]

Answer:

Explanation:

These programs are usually effective and successful because the current employees that provide for this program tend to be the more highly efficient employees in the company and they tend to recruit individuals who they personally know as responsible and qualified. This therefore not only brings in qualified candidates but also saves the company money on recruiters and trainers, since the employee themselves can train the new recruit.

7 0
3 years ago
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