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
Aleks04 [339]
3 years ago
11

Gabriella and Juanita form Luster Corporation. Gabriella transfers cash of $50,000 for 50 shares of stock, while Juanita transfe

rs information concerning a proprietary process (basis of zero and fair market value of $50,000) for 50 shares of stock
a. Because Juanita is required to recognize gain on the transfer, Gabriella also must recognize gain.

b. Juanita must recognize gain of $50,000.

c. Neither Gabriella nor Juanita will recognize gain on the transfer.

d. The transfers to Luster are fully taxable to both Gabriella and Juanita.

e. None of these choices are correct.
Business
1 answer:
hodyreva [135]3 years ago
4 0

Answer:

c. Neither Gabriella nor Juanita will recognize gain on the transfer.

Explanation:

This is because gabriella transfers cash of 50,000 and does not earn any gain on it, so no gain is recognized.

You might be interested in
Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo
Marina86 [1]

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

2x+3y\leq 450

x\geq 0

y\geq 0

Revenue is given by,

TR= 25x + 35y

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

TR = 25(0) + 35(150) = $5,250

At (225,0)

TR = 25(225) + 35(0) = $5,625

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

4 0
3 years ago
8th business day of this month
Sonbull [250]
Tuesday the twelfth is the answer. A business day is essential a work day, which is Monday through Friday. 
4 0
3 years ago
What voting system is preferred by voting rights activists as a means of increasing minority representation?
Paha777 [63]

Answer:

Cumulative voting

Explanation:

Cumulative voting - in this type of voting system sole right is given to shareholder who is in minority to elect their director. this system permit shareholder to cast all their vote for any single nominee for board of directors.

while in  regular voting system no permission is granted to anyone to cast more than one vote.

example - for four member and 500 holding share , maximum vote than can cast is 500 (one vote for one share)  in normal voting but in  cumulative maximum that can cast is 2000 votes

8 0
3 years ago
1. A U.S. parent has a subsidiary located in Hong Kong. In which situation will the U.S. parent remeasure the accounts of the su
sergejj [24]
The answer is A. The subsidiary borrows money from Hong Kong banks
7 0
3 years ago
Ian and Harriet divorced in 2017. Their son, Preston, is age 10 and has lived with Ian for the last two years. The divorce decre
Eddi Din [679]

Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.

<h3>What the law on divorce states</h3>

The law on divorce or separation decree states that the noncustodial parent may claim the dependent even when there is no written declaration from the custodial parent.

Other explanation includes:

  • The parent who the child spends the most time with may claim the dependent.
  • If only one of the taxpayers is the child’s parent, that parent may claim the dependent.

In conclusion, Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.

Read more about income credit

<em>brainly.com/question/13522402</em>

3 0
2 years ago
Read 2 more answers
Other questions:
  • When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull
    8·1 answer
  • In order have legal standing, ____.
    11·1 answer
  • Which option is not available in the Presenter's view of a presentation?
    14·1 answer
  • Drew contracts to sell a house to Evan. The contract provides that if Drew does not sell the house by February 10, he must pay E
    5·1 answer
  • Mickey and Sam want to expand to other cities, hire employees, and raise capital for their growing business. Explain what you wo
    11·1 answer
  • NASA is a government organization independent from the executive departments but with a narrower focus on space science and mann
    14·1 answer
  • Cynthia thinks that her new neighbor is mean and snobbish. this _____ will likely influence cynthia to act negatively toward her
    15·1 answer
  • What are the three main goals of monetary policy?
    12·1 answer
  • A loan processor who is not required to perform her duties at the direction of or subject to the supervision and instruction of
    6·1 answer
  • Fill in the blank question. the difference between a revenue or cost item in the planning budget and the same item in the flexib
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!