Answer:
E&P $1,200,000 × 25%= $300,000 reduction
Crane Corporation would reduce its E & P in the amount of $300,000 as a result of the redemption.
This represents a 25% decrease in the amount of the E & P corresponding to the 25% stock redemption.
When a stock redemption results in sale or exchange treatment for the shareholder, the E & P account of a corporation is reduced in an amount not in excess of the ratable share of the E & P of the distributing corporation attributable to the stock redeemed.
As such, none of the expense of $13,000 of accounting and legal fees or other is deductible.
Answer:
Option "B" is the correct answer to the following question:
Explanation:
In business or business cycle period Cartels and comparable collusive agreements are simpler to design and implement and maintain during business time or periods of business-cycle stability and high employment, assuming all other factors are equal.
Answer:
The answer is D
= Quick ratio
Hope this answer helps you :)
Have a great day
Mark brainliest
Life Insuarance because you would be able to pay for your grave, wouldnt have to rely on your family members to collect money.
Taxed market forces are destroying the industries
