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
postnew [5]
4 years ago
5

Katsu Corp. distributes property to its shareholders as part of a complete liquidation. The fair market value of the property is

$500,000, Katsu's adjusted basis in the property is $150,000, and the property is subject to a liability of $200,000. What amount of gain will Katsu recognize as a result of the transaction?
a. $150,000
b. $550,000
c. $300,000
d. $350,000
Business
1 answer:
frutty [35]4 years ago
3 0

Answer:

Gain will be $350000

So option (d) will be correct option

Explanation:

We have given fair market value of the property = $500000

Basis in the property = $150000

Property is subjected to a liability of $200000

We have to fond the gain

Gain will be equal to

Gain = market value of the property - basis in the property

So gain = $500000-$150000 = $350000

So option (D) will be correct option

You might be interested in
Price serves the function of ____ for goods, services, and financial resources. distributor determining factor screener quantifi
kakasveta [241]
<span>Slab allocation is a memory management mechanism intended for the efficient memory allocation of kernel objects. It eliminates fragmentation caused by allocations and deallocations. The technique is used to retain allocated memory that contains a data object of a certain type for reuse upon subsequent allocations of objects of the same type. It is analogous to an object pool, but only applies to memory, not other resources. Slab allocation was first introduced in the Solaris 5.4 kernel by Jeff Bon</span>
6 0
3 years ago
List the steps of the segmenting and targeting process (put the first step on top). Instructions Choice 1 of 5. Select target ma
marusya05 [52]

Answer:

1. Group potential buyers into segments.  

2. Group products to be sold into categories.  

3. Develop a market-product grid and estimate the size of markets.  

4. Select target markets.  

5. Take marketing actions to reach target markets.

4 0
3 years ago
Costs from Beginning Inventory Costs from Current Period
Alex

Answer:

$30.59

Explanation:

<em>Note that the FIFO method is used for this question</em>

Equivalent Units

Materials =  5,200 x 100 % + 300 x 100 % = 5,500

Conversion Costs = 400 x 55 % + 5,200 x 100 % + 300 x 35 % = 5,525

Total Costs

Materials =  $25,200

Conversion Costs = $143,700

Cost per Equivalent unit

Materials =  $25,200/5,500 =  $4.58

Conversion Costs = $143,700/5,525 = $26.01

Total Cost = $4.58 + $26.01 = $30.59

<u>Conclusion</u>

The cost of completing a unit during the current period was $30.59

5 0
3 years ago
Which change should be made to the above cover letter excerpt before sending it to an employer
choli [55]
Hey I don't see a picture or anything can you please post the picture
3 0
3 years ago
Read 2 more answers
Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces is:________
Volgvan

Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces <u>downward-sloping demand curves</u>.

A monopolistic market is a theoretical situation that describes a marketplace in which only one agency might also provide products and services to the public. A monopolistic market is the other of a perfectly competitive marketplace, in which an endless variety of companies function.

Monopolistic opposition exists while many businesses offer competing products or services which might be similar, but not best, substitutes. The barriers to access in a monopolistic competitive industry are low, and the choices of anyone firm do now not directly have an effect on its competition.

A monopoly has management over the supply of the product but though it can are seeking to influence the demand, it does not have management over it. In truth, a monopoly has to make a preference. it may set the price, but then it has to just accept the extent of income, consumers is prepared to buy at that fee.

Learn more about monopoly here: brainly.com/question/13113415

#SPJ4

5 0
2 years ago
Other questions:
  • An immediate order to buy or sell common stock at the best price is a:
    11·1 answer
  • Legal fees paid in connection with the purchase of land are $1,500. select between asset or expense (b) Eduardo, Inc. paves the
    9·2 answers
  • All of these are examples of subsidy except ____________________.
    11·2 answers
  • Why is it important to write a business plan?
    5·2 answers
  • Which of these is not one of the basic functions of the management​ process?
    11·1 answer
  • The returns on the common stock of Cool Toys are quite cyclical. In a boom economy, the stock is expected to return 23 percent i
    15·1 answer
  • Grace missed another deadline and her boss, Louisa, is very upset. She will have to explain to the client again why the project
    10·1 answer
  • What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stol
    15·1 answer
  • Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
    7·1 answer
  • Suppose most people regard emeralds, rubies, and sapphires as close substitutes for diamonds. Then debeers, a large diamond comp
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!