1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kifflom [539]
3 years ago
8

Corporation M has $40,000 of current earnings and profits and $10,000 of accumulated earnings and profit. During the year Corpor

ation M distributes $60,000 to is only shareholder – N. Before the distribution, N has basis in their stock of $100,000. What amount of capital gain income will N recognize related to this distribution?
Business
1 answer:
zzz [600]3 years ago
6 0

Answer:

$40,000

Explanation:

Calculation to determine What amount of capital gain income will N recognize related to this distribution

Using this formula

N Capital gain income=N stock basis- M distribution

Let plug in the formula

N Capital gain income=$100,000-$60,000

N Capital gain income=$40,000

Therefore The amount of capital gain income that N will recognize related to this distribution is $40,000

You might be interested in
What is 1/2 + 1/4=? Can someone help me (ps it's just a test to see if this app really works)
sergij07 [2.7K]

The answer is 3/4 and yes it really works

5 0
3 years ago
The market for corn in Brazil has a large number of sellers and there is no difference in the products sold by each seller. As t
LenaWriter [7]

Answer:

Option (b) is correct.

Explanation:

In a market condition of pure competition, there are large number of buyers and sellers of the product. The sellers in this market condition are behaving like a price taker.

If a single firm wants to increase the price of the product then as a result the demand for their product is reduced or become zero.

There are some characterstics of the firms under pure competition market condition:

(i) They are selling homogeneous products.

(ii) Price taker firms

(iii) Large no. of buyers and sellers

 

8 0
3 years ago
Chef Grill Company manufactures two types of cooking grills: the Gas Cooker and the Charcoal Smoker. The Cooker is a premium pro
kenny6666 [7]
Wowie. soup is nice right yes it is
8 0
3 years ago
Diz Co. is a U.S.-based MNC with net cash inflows of euros and net cash inflows of Swiss francs. These two currencies are highly
VikaD [51]

Answer:

Yanta Co. has a higher exposure to exchange rate risk than Diz Co.

The reason is that Yanta Co. does not have net inflows of euros.  Instead, its euro transactions yield net outflows.

It will always be in need of euros to settle its foreign debts or obligations, unlike Diz Co. with foreign assets.

Explanation:

a) Data and Analysis:

Diz Co. has net cash inflows of euros and net cash inflows of swiss francs

Yanta Co. has net cash outflows of euros and net cash inflows of swiss francs

b) Exposure to exchange rate risk or currency risk is the financial risk arising from fluctuations in the value of the US dollars against the Euro or Swiss Francs in which Diz Co. has some foreign assets while Yanta Co. has foreign obligations.

5 0
3 years ago
Singh has found that he needs increasing amounts of alcohol to have the desired effect.  In other words, Singh has developed a(n
Nimfa-mama [501]
Addiction xD Singh has an addiction for drinking.<span />
3 0
3 years ago
Other questions:
  • Beaver Valley Oil Refinery produces various grades of petroleum products at its refinery operations. All of the following may be
    6·1 answer
  • Which type of life policy contains a monthly mortality charge as well as self-directed investment choices? joint life adjustable
    6·1 answer
  • Which of these statements about cycle inventory is​ BEST? A. Cycle inventory exists to avoid customer service problems. B. Cycle
    9·1 answer
  • Transmissions are delivered to the fabrication line five at a time. It takes two hours for transmissions to be delivered. Approx
    5·1 answer
  • These are the four stages of the business cycle:
    12·1 answer
  • John is a newly minted quality engineer at MakeStuff Inc. His boss tells him to increase the process capability index of their m
    12·1 answer
  • The nation of Forlorn is in the middle of a severe financial crisis. The prime minister has increased government spending by tri
    12·1 answer
  • In their​ research, Fiber One product managers consistently heard that the awful taste of fiber was a real barrier for many​ con
    5·1 answer
  • Drag each tile to the correct box.
    9·1 answer
  • Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Div
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!