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3 years ago

9

when creating a resume, your experience should be listed: A. on reverse chronological order. B. in chronological order. C. in al

phabetical order. D. from most valuable to least valuable

1 answer:

raketka [301]3 years ago

8 0

B . in chronological order

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On January 10 of the current year, Mary transfer to Green Corporation a machine purchased three years ago for $100,000. On the t

BaLLatris [955]

Answer:

First of all, I believe that their is a mistake on the question, since the FMV of the machine should be $100,000, not $10,000, or else it wouldn't make much sense.

a. What are the amount and character of Mary's recognized gain or loss?

ordinary income of $10,000

The two year note is considered boot and therefore, Mary must report it as ordinary income.

b. What is Mary's basis in the stock and note? When does her holding period begin?

Mary's basis in the stock is $60,000 (the basis of the machine), and $0 for the note (recognized as ordinary income). Her holding period began three years ago when the machine was purchased.

c. What are the amount and character of Green's gain or loss?

Under a carryover basis limit rule (for a section 351 exchange), Green Corporation's basis is reduced, but it not considered a loss or a gain. The basis of the exchanged stock must equal the carryover basis of the property given in exchange.

d. What is Green's basis in the machine? When does Green's holding period begin?

Same as Mary's, the basis is $60,000 and the holding period is 3 years. Since Mary owns 100% of Green Corporation as a result of the exchange, her basis and the corporation's basis will be the same.

5 0

3 years ago

Two friends decide to rent an apartment and split the cost evenly. They each paid $575 towards the total move in cost of first a

ziro4ka [17]

Friend's apartment cost $325 per month, then the security deposit by them is, $500.

<h3 /><h3>What is security deposit?</h3>

A security deposit is an amount of money a landowner takes from a payer other than the early payment of rent.

<h3>Calculation of security deposit:</h3>

Given that,

Each paid total= $575

Monthly rent= $325/month

The security deposit = ?

Total paid by both person = $575 x 2 = $1150 for first rental cost, last month's rental and security deposit. We can write down this argument into an equation as follows:

$\text{First Rental}+\text{Last rental}+ \text{Security Deposit} = \$1,150\\\\\$325+\$325+\text{Security Deposit} =$1,150\\\\ \text{Security Deposit}=\$1,150 - \$325\ - \$325.\\\\\text{Security Deposit}=\$1,150 - \$650\\\\\text{Security Deposit}= \$500.$

Therefore, The security deposit for the apartment is $500.

Learn more about Security deposit, refer:

brainly.com/question/1752098

6 0

2 years ago

I am considering buying a new sports car like a ford mustang. another sports car that would not likely compete head-to-head like

konstantin123 [22]

<span>This is an example of industry competition. Industry competition is a rivalry between companies in the same market who offer similar products or services. These industries compete for potential customer's money and use a variety of means to make sure they are the one a consumer chooses to do business with. They can use advertising to try and attract consumers or offer lower prices, but the most important thing is to provide a good product or service.</span>

8 0

3 years ago

Read 2 more answers

A credit card company advertises an APR of 15.3%, compounded daily. What

Art [367]

Answer:

B. 16.53%

Explanation:

The effective interest rate is the real interest rate charged by a bank or any other type of lender on a loan.

the formula to calculate effective interest rate = r = (1 + i/n)ⁿ - 1

i =15.3%
n = 365 days

r = [1 + (15.3%/365)³⁶⁵] -1 = 1.00419178³⁶⁵ - 1 = 1.165287621 - 1 = 0.165287621 ≈ 16.53%

7 0

4 years ago

In order to avoid "putting all its eggs in one basket," a business is most likely to:

exis [7]

Answer:

C-PRODUCE OR SUPPLY A VARIETY OF GOODS AND SERVICES

8 0

3 years ago