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Semenov [28]
3 years ago
7

Brody owns all the stock in Mongoose Corporation. Brody has a basis of $200,000 in the Mongoose stock, which currently has a fai

r market value of $500,000. Mongoose is merged into Chestnut Corporation. Brody receives Chestnut preferred stock worth $200,000 and common stock worth $300,000. Brody recognizes a gain of:______.
a. $300,000.
b. $100,000.
c. $200,000.
d. None of the above.
Business
1 answer:
oee [108]3 years ago
3 0

Answer:

d. None of the above.

Explanation:

Option D is correct because Brody has a basis of $200000 Mongoose stock and its market value is $500000. After the merger, Brody receives $200000 preferred stock and $300000 common stock which is equal to its market value of a stock before the merger so there is no gain.

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What 4ps known as ?
emmainna [20.7K]

Answer:

4 P's are place, price, product, and promotion

Explanation:

The four P's of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service.

4 0
3 years ago
Better Beverages purchased $139,700 of fixed assets that are classified as five-year MACRS property. The MACRS rates are .2, .32
Gnom [1K]

Answer:

= $115,559.84

Explanation:

The MACRS represents Modified Accelerated Cost Recovery System and it represents a depreciation method that is accepted for taxation purpose in the United States. The MACRS allows an asset's capitalized cost's recovery over a period of time based on annual deductions.

From the question, the fixed asset was purchased for $139,700

the MACRS rate to use at the end of 4 years = 0.2, 0.32, 0.192 and 0.1152

The accumulated depreciation therefore,

= (0.2+0.32+0.192+0.1152) x $139,700

= $115,559.84

6 0
3 years ago
A product is defined as a business product rather than a consumer product on the basis of its _____.​
Phoenix [80]

Answer:

intended use

Explanation:

Products that are in their final form and are ready to be purchased and consumed by individuals or households for their personal satisfaction are classified as consumer products. On the other hand, if they are bought by a business for its own use, they are considered business products.

6 0
3 years ago
Associated Breweries is planning to market unleaded beer. To finance the venture, it proposes to make a rights issue with a subs
arlik [135]

Answer:

Number of new shares:

= 140,000×(1÷2)

= 70,000

Amount of new investment:

= 70,000×$10

= $700,000

Total value of company after issue:

= $700,000+140,000×$40

= $6,300,000

Total number of shares after issue:

= 140,000+70,000

= 210,000

Share price after issue:

= $6,300,000÷210,000

= $30

Explanation:

4 0
3 years ago
George Washburn had earnings from his salary of $42,200, interest on savings of $975, a deductable contribution to an IRA of $1,
gayaneshka [121]

Answer:

adjusted gross income (AGI) = $42270

Explanation:

given data

salary = $42,200

interest on savings  = $975

deductable contribution = $1,550

mutual funds = $645

solution

we get here adjusted gross income (AGI) that is express as

adjusted gross income (AGI) = salary  + interest on savings - deductable contribution + deductable contribution  .....................1

adjusted gross income (AGI) = $42,200 + $975 - $1,550 + $645

adjusted gross income (AGI) = $42270

4 0
3 years ago
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