Answer:
c. $500,000.
Explanation:
Market Corporation has a basis in the land of $500,000.
We are told in the question that ''Market Corporation completely liquidates Subsidiary Corporation, receiving land with a $400,000 adjusted basis and a $500,000 Fair Market Value''
In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.
Answer:
Competition act.
Explanation:
When same person on the board of two or more than two competing firms then such instance is referred to as interlocking directorate. This will significantly have an impact on the market and the competition.
The answer that would best complete the given statement above would be the term CHILDREN. <span>The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for children. This is under the minor protection law. Hope this answers your question. Have a great day!</span>
Probably “would you enjoy reading a fashion magazine”
Answer:
d. no one.
Explanation:
Since the issuer of the promissory note was originally Jake, he was the only responsible for the payment of the note. Once he dishonoured it, the note lost its value and no one can be responsible for it. A promissory note is an asset created as a counterpart liability of Jake wealth. If the note is exchanged many times, only the last holder will suffer jake's action
