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netineya [11]
2 years ago
7

Casey transfers property with a tax basis of $3,800 and a fair market value of $6,800 to a corporation in exchange for stock wit

h a fair market value of $5,250 and $720 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $830 on the property transferred. Casey also incurred selling expenses of $461. What is the amount realized by Casey in the exchange
Business
1 answer:
ElenaW [278]2 years ago
7 0

Answer:

$5789

Explanation:

Calculation to determine the amount realized by Casey in the exchange

Fair market value of stock $5250

Add Cash in transaction $ 720

Add Liability which is going to the buyer $ 830

Less Selling expenses ($461)

Amount realized $5789

($5250+$720+$830-$461)

Therefore the amount realized by Casey in the exchange is $5789

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Mr. Leghorn lives next door to Mr. Fudd. During hunting season, Mr. Fudd likes to shoot rabbits in his backyard, which activity
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Answer:

A. Mr. Fudd to pay Mr. Leghorn between $500 and $900 to continue hunting.

Explanation:

3 0
3 years ago
DON Corp. is contemplating the purchase of a machine that will produce net after-tax cash savings of $20,000 per year for five y
Allushta [10]

Answer:

$74,932.66

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow from year 1 to 4 = $20,000

Cash flow in year 5 = $25,000

I = 12%

Present value = $74,932.66

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

3 0
3 years ago
Both transportation and assignment problems are members of a category of lp problems called?
kogti [31]

Both transportation and assignment problems are members of a category of lp problems called network flow problems

<h3>What is  network flow problems?</h3>

Network flow problems are a type of combinatorial optimization problem in which the input is a flow network (a graph with numerical capacities on its edges) and the goal is to construct a flow with numerical values on each edge that respect the capacity constraints and have incoming flow.

A company, for example, may want to ship packages from Los Angeles to New York City by using trucks to transport between intermediate cities. If the route connecting two cities only has one truck and each truck has a maximum load, the graph describing the transportation options will be a flow network.

To know more about  network flow problems follow the link:

brainly.com/question/23828054

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3 0
2 years ago
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Answer:

Quality goal

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In trying to solve the complaints problem, Microsoft needs to engage in a more rigorous QUALITY goal in order to improve the quality of the product.

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3 years ago
The step in the career management process in which employees receive information about thier skills and knowledge and where thes
Liono4ka [1.6K]
Answer:  "feedback" .
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3 years ago
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