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icang [17]
2 years ago
10

Ben and John formed BCD Inc., a corporation, in 2013. Ben received 80% of the voting common stock, the only class of stock and J

ohn received the remaining 20% of the stock. In 2014, Ben transferred additional property to BCD Inc. The property had an adjusted basis to Ben of $40,000 and a fair market value of $50,000 on the date of the transfer. On the same day, and in exchange for the property he transferred to BCD Inc., Ben received cash of $15,000 and additional stock worth $35,000. How much gain was recognized by Ben as a result of this transaction
Business
1 answer:
Lady_Fox [76]2 years ago
8 0

Answer:

Gain recognized by Ben = $10,000

Explanation:

Given Data:

Adjusted basis of property=$40000

Cash received =  $15000

Additional stock received = $35000

Total received =  Cash received + Additional stock received

                        = $35000 + $15000

                        = $50000

 Gain recognized by Ben = Total received - Adjusted basis of property

                                          =$50,000  -$40,000

                                        = $10,000

Therefore, gain recognized by Ben  = $10,000

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Answer:

Web-based social networking, recordings, email, web content, versatile content push offers  

Long Lizard gets most of its client leads from web looked or other online sources. Thus it will be smarter to utilize online media like internet based life, recordings, email, web content, portable content push offers to get quicker reaction from more extensive crowd at moderately less expensive rate. Different alternatives given are more established strategies, exorbitant and furthermore set aside some effort to contact a more extensive crowd. At the point when the clients lean toward new media like online hotspots for arriving at the organization, the organization ought to likewise give a similar medium to promoting correspondence. Consequently the appropriate response is third alternative.

8 0
3 years ago
USA Manufacturing issued 30-year, 7.5 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face valu
vekshin1

Answer:

4.82 percent

Explanation:

We use the Rate formula in this question that is shown in the attachment

The NPER is the period of time.

Provided that,  

Present value = $1,000 × 101% = $1,010

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 7.5% ÷ 2 = $37.5

NPER = 30 years - 6 years = 24 year × 2 = 48 years

The formula is presented below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 7.41%

2. And, the after tax cost of debt would be

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= 7.41% × ( 1 - 0.35)

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6 0
3 years ago
Gloria is saving for her daughter’s college education. She wants to have $100,000 available when her daughter graduates from hig
Helen [10]

Answer:

The correct answer is that Gloria would have to invest $75,581 today at the rate of 7.25 % to receive $100000 in four years,hence option is correct

Explanation:

FV=PV(1+r)^t

FV=$100000

PV= is unknown

r=7.25%

t=4years

PV=FV/(1+r)^t

PV=100000/(1+0.0725)^4

=$75581

Hence the amount Gloria has to invest today is $75581

4 0
3 years ago
One of the great dangers in allocating common fixed Blank 1 of 1 costs is that such allocations can make a product line look les
lara31 [8.8K]

Answer:

One of the great dangers in allocating common fixed corporate costs is that such allocations can make a product line look less profitable than it really is.

Explanation:

Therefore, care must be exercised so that a product line is not eliminated because the common fixed costs have been allocated to it such that it becomes unprofitable.  This is why it is necessary to identify activity cost pools into which such fixed costs can be accumulated and from which they can be allocated to product lines.  Using ABC costing approach, for instance, offers a means of escape because the system tries to allocate costs based on the level of usage or consumption of such common costs by each product line instead of using arbitrary allocation formulas.

4 0
2 years ago
The entity that collects economic data at a regional level is the:___________
Scorpion4ik [409]

Answer:

<u>the World Bank</u>

<u>Explanation:</u>

The <u>World Bank</u> is an international financial institution that monitors the financial activities of most countries. Regional economic data collection is done by means of a World Bank initiative called the International Comparison Program.

An example of this economic data collected is the gross domestic product (GDP) of the regions.  

6 0
2 years ago
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