Answer:
A. $200.000
Explanation:
No gain or loss is recognized by the target corporation in the case of liquidation of target corporation or in case of distribution of stock and cash by it.
This is true even if cash or boot property is received by the target corporation. Hence, the basis is equal to the carryover to the acquiring corporation. Summit has a carryover basis in the assets of Hansen company as Hansen company liquidated and distributed the cash and stock to the shareholder.
Therefore, The Basis to Summit of the assets acquired in the exchange = $200000
Answer:
George
Explanation:
Both price ceilings and price floors can cause economic shortages, because they are government imposed distortions to prices. In other words, they do not allow prices to adjust supply and demand.
George knows this because he is probably an economist, and that is why he does not recommend neither price ceilings nor price floors.
Answer:Only statements I, II, and IV are correct.
Explanation:Poverty is a term used to describe the lack of financial resources and other essential facilities that are needed to ensure a good standard of living. Certain factors predispose people to poverty,this factors include Education,Age,Ethnic group etc.
In the United States of America people with the following traits are more likely to be below the poverty line.
1) Very young or very old populations.
2) Very likely to be a person of a minority ethnic group or "a person of colour", such as African Americans, Hispanics etc.
3) They are more likely to be of low education levels or attainment.
Answer:
The correct answer is Localization.
Explanation:
The location strategy in this scenario means focusing on each specific market in order to maximize sales and minimize costs, which is the main characteristic of this strategy. The decision of Garret's Tea Corp. will surely mean the relocation of some of its plants and the study of each market in order to determine the degree of penetration that can be implemented to meet its maximization objectives.
Answer:
D. If Hazel sells the chocolate fountain for $3,300, she will have a $1,500 capital gain.
Explanation:
I´m assuming that Hazel is a person that owns this event planning company.
The current book value of the chocolate fountain = purchase cost - accumulated depreciation = $3,000 - $1,200 = $1,800
If the chocolate fountain (or any asset) is sold at a higher price than book value, then a capital gain must be recognized. If the chocolate fountain is sold at a lower price than book value, then a capital loss should be recognized.
$3,300 (selling price) - $1,800 (book value) = $1,500 capital gain