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nignag [31]
3 years ago
8

The stock of Mulberry Corporation is owned by Archana (60%) and Anar (40%), who are mother and daughter. Pursuant to a plan of c

omplete liquidation adopted earlier in the current year, Mulberry distributes land worth $1,364,000 to Anar (basis of $218,240 in Mulberry stock). The land was purchased by Mulberry Corporation three years ago for $1,773,200, and it is distributed subject to a liability of $1,091,200.
What amount of gain or loss is recognized by Mulberry Corporation and by Anar with respect to the distribution of the land?
Business
2 answers:
Vikki [24]3 years ago
5 0

Answer:

We have a loss of $109,120

Explanation:

Based on the scenario

Our variables are as follows,

market value =$1,773,200

Purchased value = $1,364,000

To calculate the loss been recognized is seen below

Loss recognized = Market value − Purchase value

Which we have has

=$1,773,200-1,364,000

=$409,200

The loss been recognized by Mulbery Corporation is $409,200

Also, let's determine the loss or gain of Anar corporation

Purchased value = $1,364,000

Liability = $1,091,200

actual basis of Mulberr stock = $218,240

We can calculate it using these method

Loss by Anar =Purchase value − Liability − Actual basis of Mulberry stock

Substituting the values, we have

=[(1364000 - 1091200)×40%]−$218240

=$109120−$218240

=$109,120

We have a loss of $109,120

Phoenix [80]3 years ago
4 0

Answer:

There is loss of $109,120

Explanation:

Lossrecognized=Marketvalue−Purchasevalue

=$1773200-1364000

Therefore, loss recognized by “M” Corporation is $409,200

Determine the gain or loss of A:

LossbyA=Purchasevalue−Liability−ActualbasisofM

=[($1364000-$1091200)×40%]−$218240

=$109120−$218240

=($109,120)  loss

​

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Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is
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3 years ago
Ellen, a manager at a marketing firm, noticed that one of her subordinates, who is usually good-natured, has been moody, irritab
ASHA 777 [7]

Answer:

b. burnout

Explanation:

-Depression  is an illness that makes people feel sad and without interest in performing activities that they used to do.

-Burnout  is when a person is really tired because of a lot of stress and the person feels exhausted, overwhelmed, unmotivated and with a negative attitude.

-Insomnia  is when a person has a problem to fall sleep and people feel that they are not able to rest.

-Occupational disease is an illness that is caused by the conditions in your job.

According to this, the answer is that such symptoms are most likely an indication that the subordinate is experiencing burnout because it appears when a person has a lot of stress which results in being in a bad mood, unmotivated and the person neglects the job.

6 0
3 years ago
You want to start your own consulting business and believe it could produce cash flows of $5,600, $48,200, and $125,000 at the e
Inessa05 [86]

Answer:

This business idea worth $430,127 today

Explanation:

Today value of the future cash flows can be calculated by discounting the cash flows on the given discount rate. It is called the present value and sum of present value of all cash flows is called Net present value.

We use following format to calculate NPV for the given business idea

Years                                     1                  2                  3

Cash Flows                      $5,600       $48,200      $125,000

Sale Proceeds                                                         $450,000

Net Cash Flows               $5,600       $48,200      $575,000

Discount Factor    14%    0.8772        0.7695        0.6750

Present values                 $4,912.32   $37,089.9    $388,125

Net present value of business idea = $4,912.32 + $37,089.9 + $388,125

NPV = 430,127.22

3 0
2 years ago
Ellis issues 8.0%, five-year bonds dated January 1, 2018, with a $530,000 par value. The bonds pay interest on June 30 and Decem
Ket [755]

Answer:

1. Total interest rate is $166,790

2. Refer to the attached file for the straight-line amortization table for the bonds' life.

3.

To record interest rate paid in 30th June 2018:

Dr Interest expenses                            16,679

Dr Premium on bond payable             4,521

Cr Cash                                                 21,200

To record interest rate paid in 31st Dec 2018:

Dr Interest expenses                            16,679

Dr Premium on bond payable             4,521

Cr Cash                                                 21,200

Explanation:

Total interest rate as followed : Interest payment - Premium on bond payable = 530,000 x 8% /2 x 10 - (575,210 - 530,000) =166,790.

6 0
3 years ago
Good strategy combined with good strategy execution: Select one: a. Offers a guarantee for avoiding periods of weak financial pe
Pachacha [2.7K]

Answer:

d. Are the most trustworthy signs of good management

Explanation:

The strategy refers to the planning through which the company could able to accomplish its goals and objectives within the prescribed time set by the company

The goods strategy mostly achieved the company targets within the standard time set by the company. And if the combination of both the good strategy and execution of the good strategy leads to the sign of good management i.e become trustworthy.

hence, the last option is correct

4 0
3 years ago
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