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Jobisdone [24]
3 years ago
5

Corporation A and Corporation Z go into partnership to develop, produce, and market a new product. The two corporations contribu

te the following properties in exchange for equal interests in AZ Partnership: Corporation A Corporation Z Cash $ 100,000 $ 50,000 Business equipment (FMV) 30,000 80,000 Corporation A’s tax basis in the contributed equipment is $34,000, and Corporation Z’s tax basis in the contributed equipment is $12,000. Compute each corporation’s realized and recognized gain or loss on the formation of AZ Partnership. Compute each corporation’s tax basis in its half interest in AZ Partnership. Compute the partnership’s tax basis in the equipment contributed by each corporate partner.
Business
1 answer:
sasho [114]3 years ago
6 0

Answer:

You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.

Explanation:

a. Corporation A realized a $4.000 loss, and Corporation Z realized a $68.000 gain on the contribution of business equipment to AZ partnership. Neither corporation recognizes gain or loss.

b. A's basis in it's one-half equity interest in AZ Partnership is $134.000, while Z's basis in it's one-half equity in AZ partnership is $62.000.

c. AZ partnership's basis in the equipment contributed by A is $34.000 and in the equipment contributed by B is $12.000.

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The Celler-Kefauver Antimerger Act of 1950:________.
UkoKoshka [18]

Answer:

b. banned anticompetitive mergers that occurred as a result of one company acquiring the physical assets of another company.

Explanation:

  • The Sailor-Kefauver Act was a United States federal law passed in 1950 that amended and strengthened the Clayton Antitrust Act of 1914, which amended the Sherman Antitrust Act of 1890.
  • The Sailor-Kefauver Act was passed to eliminate a loophole to link firms to the acquisition and acquisition of assets that are not direct competitors.
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5 0
4 years ago
Which organization, established in 1946, primarily serves to loan funds to underdeveloped and developing nations, where the fund
klio [65]

International bank for reconstruction and development was formed

primarily serves to loan funds to underdeveloped and developing

nations.

<h3>What is a Loan?</h3>

Loan involves lending money to an individual or organization. This is also

referred to a form of debt accrued through this process.

Developed nations established International bank for reconstruction and

development in 1946 to loan funds to underdeveloped and developing

nation. The funds are used to finance projects ranging from road and

factory construction to the building of medical and educational facilities.

Read more about International bank for reconstruction and development

here brainly.com/question/9882243

7 0
3 years ago
Accounts Receivable has a balance of $ 4 comma 000$4,000​, and the Allowance for Bad Debts has a credit balance of $ 450$450. Th
Darya [45]

Answer:

What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written​ off? is $3550

Explanation:

Account receivable 4000      

Allowance bad debts 450      

       

       

Net realizable =(400-140)-(450-140)

       

                 =3860-310

                          =3550    

5 0
4 years ago
Misrepresenting pertinent policy provisions relating to coverage after a loss is an?
Contact [7]

Misrepresenting pertinent policy provisions relating to coverage after a loss is an unfair claim settlement practice.

Pertinent policies are those facts which tend to prove the allegations of the party offering them and those which have no such tendency are called impertinent.

When something is pertinent, it means it is significant. It will have an impact on the decision or the outcome.

Therefore, if the pertinent policy is misrepresented, it becomes an unfair claim settlement practice.

brainly.com/question/28474087

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7 0
1 year ago
Ciguatoxin is a poison made in small amounts by ___
IceJOKER [234]
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8 0
3 years ago
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