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
Zina [86]
3 years ago
12

Tom and George form T and G Corporation. Tom transfers machinery worth $100,000 with a basis to Tom of $40,000, while George tra

nsfers land worth $90,000 with a basis to George of $20,000 and services rendered in organizing the corporation worth $10,000. Each is issued 25 shares in T and G Corporation. With respect to the transfers:A. Tom has no recognized gain; George recognizes gain/income of $80,000. B. Neither Tom nor George recognizes gain or income. C. T and G Corporation has a basis of $30,000 in the land. D. George has a basis of $30,000 in the shares of T & G Corporation.
Business
1 answer:
borishaifa [10]3 years ago
5 0

Answer:

The answer is D.

George has a basis of $30,000 in the shares of T & G Corporation.

Explanation:

George has a basis of $30000 in the shares of T&G corporation

I.e (20000+10000) = 30000

You might be interested in
When information is transferred from one person to another is called
9966 [12]

Answer:

Below:

Explanation:

It's called "Communication".

Hope it helps.....  Bro/Sis

It's Muska...   :)

5 0
3 years ago
Read 2 more answers
Emma is a recent college graduate who is unmarried and has no children. Which of the following benefits would be of least import
natali 33 [55]

Answer:

C. Life insurance

4 0
3 years ago
If a firm issues debt with no protective covenants in the indenture then the firm's debt will probably be issued at _____ simila
Vinvika [58]

Answer: b. a lower interest rate than

Explanation:

A protective convenant is also referred to as a restrictive covenant and it is referred to as an agreement whereby a particular company is restricted from doing certain things while a contract is still ongoing.

In this case, when a firm issues debt with no protective covenants in the indenture then the firm's debt will probably be issued at lower interest than similar debt with protective covenants. The reason for this is that the lender is protected when there is a convenant which ultimately lower the cost of debt.

8 0
3 years ago
The Charmatz Corporation has a central copying facility. The copying facility has only two​ users, the Marketing Department and
kobusy [5.1K]

Answer:

Total cost for Operations Department = 92,548

Explanation:

Dual-rate method is a method of allocating costs in which two cost functions are used. Typically, the two functions are a fixed-cost function and a variable-cost function.

First calculate allocation rate for fixed cost for Operations Department

Fixed cost  = 60000

Budgeted copies = 310000

Fixed allocation rate = 60000 ÷ 310000

                                  = $ 0.1935483870967742‬ per copy............eq(2)

Variable cost = $ 0.05 per copy............ eq(1)

Actual usage by Operations department was 380000 copies.

Multiply this amount with allocation rates calculated in eq(1) and e1(2).

Actual fixed cost = 0.1935483870967742 × 380000

                            = 73548

Actual variable cost = 0.05 × 380000

                                  = 19000

Total cost for Operations Department = 73548 + 19000

                                                                = 92,548

6 0
3 years ago
Annie is working in an organization where her paycheck reflects how many hours she has worked with each paying client. For​ her,
konstantin123 [22]

Answer:

A. Expectancy theory

Explanation:

Expectancy theory asserts that people make certain choices because they are motivated by what they expect the result of their choices will be.

Annie's view of her pay as very fair and motivating is as a result of her desire to work more hours with clients. Meaning her mediation of the outcome or result (number hours spent) motivates Annie.

4 0
3 years ago
Other questions:
  • Janice, age 32, earns $50,000 working in 2019. She has no other income. Her medical expenses for the year total $5,250. During t
    13·1 answer
  • An economy in which a central authority draws up a plan that establishes what will be produced and​ when, sets production​ goals
    11·1 answer
  • The manager of East India Ice Cream Shop keeps track of the number of customers served at different periods of the day in an att
    13·1 answer
  • Consider a​ zero-coupon bond with a $1,000 face value and 15 years left until maturity. If the bond is currently trading for $46
    11·2 answers
  • Aaron has designed innovative accessories for hard-core bicycling enthusiasts. He knows where and how he will make them, and he
    15·1 answer
  • g Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $3,290,558, accurals of $5
    10·1 answer
  • The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million
    9·1 answer
  • Krisp Systems decides to move production to a developing country where they are free to pump pollutants into the atmosphere with
    15·2 answers
  • U-1 is a more____
    9·1 answer
  • Which of the following is true of general-purpose financial statements?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!