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Rainbow [258]
3 years ago
10

Roberta transfers property with a tax basis of $495 and a fair market value of $546 to a corporation in exchange for stock with

a fair market value of $356 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $190 on the property transferred. What is the amount realized by Roberta in the exchange
Business
1 answer:
Volgvan3 years ago
5 0

Answer: $546

Explanation:

The amount realized by Roberta in the exchange will be gotten through the addition of the fair value of the stock that was acquired to the liability that's assumed by the corporation. This will be:

Fair value of stock acquired = $356

Add: Liability assumed by corporation = $190

Amount realised = $356 + $190 = $546

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Answer:

-Private company has mininmum 1 and maximum 101 member.

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-Private company is smaller than the public companies by the no.of capital.

Public company is larger than private company and spread in different place.

-Private company uses the term Private limited after its name.

Public company uses the term Limited after its name.

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3 years ago
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A necessary condition to use the equity method of reporting for an equity investment is that the investor company must
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3 years ago
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aleksandrvk [35]

Answer:

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8 0
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