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____ [38]
3 years ago
11

Borasco Corp. owns land with a fair market value of $200,000. Borasco purchased the land 10 years ago for $65,000 and owes a lia

bility of $50,000 as of August 2 of the current year. Alvo Corp. owns 100 percent of Borasco. Borasco is completely liquidated on August 2 of the current year, according to a plan adopted on June 18 of the current year. As a result, the land is transferred to Alvo in complete cancellation of Borasco's stock. What basis does Alvo have in the land it receives
Business
1 answer:
FromTheMoon [43]3 years ago
6 0

Answer: B. $65,000

Explanation:

The options to the question are:

A. $15,000

B. $65,000

C. $150,000

D. $200,000

It should be noted that the corporate liquidations of property are typically treated as either an exchange or a sale and the profit or the loss made will be recognized by the corporation usually based on the liquidating sale of the assets of the corporation.

In certain cases whereby the distributee that is, the individual who is entitled to partake in the share of an estate distribution is a corporation that is in charge of the distributing corporation, this may lead to the distribution not to be taxable.

Due to this, Alvo has a basis of $65,000. The reason is that the land was not sold and therefore Alvo did not get $200,000.

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Neal joins Filestene Inc. as an executive designer. The HR manager informs him that he will have to join the labor union within
Gnesinka [82]

Answer: (E) Union shop

Explanation:

 The union shop arrangement is refers to the process in which we require the number of workers for join and also participate in the specific union and it is also called as the post entry or the closed shop.

The workers or the union representatives also providing the various types of benefits in the specific time period. Depending on the different protection level the trade unions are varying nation to nations.

According to the given question, the Neal's human resource manager is basically referring to the union ship that is related to the union membership.    

Therefore, Option (E) is correct answer.  

7 0
3 years ago
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands,
MrRissso [65]

Answer:

                                                                     2022         2021

EPS                                                                 $1.12         $0.99

Explanation:

EPS = NET INCOME / no of shares outstanding

       = $75801000/68000000 =1.12 (2022)

       = $68855000/ 69820000= 0.99 (2021)

3 0
3 years ago
An investor purchases 1,000 mutual fund shares with a Net Asset Value of $10 each, where the fund imposes a 5% contingent deferr
Ad libitum [116K]

Answer:

B. $9,600

Explanation:

Calculation to determine the amount he or she will receive

Amount Received=(1000*$10)*[100%-( 5% contingent deferred -1%Decrease in sales charge)

Amount Received=$10000-(100%-4%)

Amount Received=$10000*96%

Amount Received=$9,600

Therefore he or she will receive $9600

4 0
3 years ago
You are selling a product on commission, at the rate of $1,000 per sale. To date, you have spent $800 promoting a particular pro
Vesnalui [34]

Answer:

Either you quit trying and lose $800 sunk, or you spend $800 for $1,600 total in which the Net from the sale of $1,000 would results in a loss of $600. That means it will be of good to lose $600 than $800.

Explanation:

Since $800 has been spent which means Spending up to an additional $1,000 is still reasonable, but a condition in which you know that the deal will definitely go through.

Secondly since you have already sunk $800, and you know that spending an additional $800 would guarantee it, you can do one among this two options which are either you stop trying and lose the $800 sunk, or you the spend $800 for $1,600($1,000+$600) total in which the Net from the sale of $1,000 would results in a loss of $600($1,000-$800=200,$800-$200=$600). That means it will be of good to lose $600 than $800.

4 0
3 years ago
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Increased government spending for investments such as highways or harbors financed by increasing the public debt would most like
zavuch27 [327]

Answer:

Complement private investment

Explanation:

7 0
3 years ago
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