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galina1969 [7]
3 years ago
14

Ashley transfers property with a tax basis of $5,000 and a fair market value of $3,000 to a corporation in exchange for stock wi

th a fair market value of $2,000 and $500 in cash in a transaction that qualifies for deferral under section 351. the corporation assumed a liability of $500 on the property transferred. what is ashley's tax basis in the stock received in the exchange?
Business
1 answer:
Inessa [10]3 years ago
3 0
8000 dolar,.........
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On November 1, 2018, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is a six-month term and
rodikova [14]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Money borrowed = $30,000,000

Rate of interest = 9%

Time = 2 months

So, we can calculate the balance of loan interest payable by using following formula :

Balance of loan interest = ( Money borrowed × Rate of interest × Time ) / 12

= ( $30,000,000 × 9% × 2 months ) / 12

= $450,000

Hence, the balance of loan interest payable is $450,000.

8 0
3 years ago
The process of analyzing customers who have stopped buying to determine why is known as customer behavior modification
baherus [9]

The question is about a statement relating to customer behaviour. The statement can be true or false.

Customers are King. It is rightly said in the marketing term because customer has all the rights to buy or not.

A sales person of marketing expert can only guide a customer about a product but he can not force him to make a buy decision if a customer is not willing to do so.

The process of analyzing customers who have stopped buying to determine why is known as Customer Defection Analysis, not customer behaviour modification.

The given statement is False.

Learn more at brainly.com/question/16362980

6 0
3 years ago
Suppose you have $10,000 in your checking account. you withdraw $500 cash from your account and hide it under your pillow for fu
wel
A, the money supply (how much currency in a country's economy at a time) is going to decrease by $4500!  A required reserve ratio is basically a sort of rule that the government sets that says how much of a person's deposits must be set towards reserves.  
3 0
4 years ago
Read 2 more answers
Question 13 Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 108 units at $19 $2052 7 Purchases 37
schepotkina [342]

Answer:

Endign inventory cost= $3,708

Explanation:

Giving the following information:

Purchases 378 units at $20

Purchases 54 units at $22

<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units incorporated into inventory:</u>

Ending inventory in units= 180

Endign inventory cost= 54*22 + 126*20

Endign inventory cost= $3,708

5 0
3 years ago
Jane receives 16 cents for every unit produced. jane produces 3,512 pieces in a 43-hour workweek. for overtime, jane is paid a s
Mamont248 [21]

Answer:

Total earnings= $581.52

Explanation:

Giving the following information:

Jane receives 16 cents for every unit produced. jane produces 3,512 pieces in a 43-hour workweek.

For overtime, Jane is paid a sum equal to one-half the regular hourly pay rate.

I will assume that Jane works evenly each hour.

<u>First, we will determine the number of units produced for an hour:</u>

<u />

Units for an hour= 3,512/43= 81.67 units

<u>Now, the total piece work and overtime:</u>

Piecework= 0.16*3,512= $561.92

Overtime= (81.67*3)*0.08= $19.6

Total earnings= $581.52

7 0
4 years ago
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