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kifflom [539]
2 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]2 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

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The people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers.

<h3>Who is a manager?</h3>

It should be noted that a manager simply means an individual who oversees the team in a company and ensures that the goals of the company are achieved.

In this case, Ken is the produce manager at saying way a large Supermarket that is part of a national chain and after completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager and is about to negotiate his new salary.

In this case, the people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers. This was illustrated in the information.

Learn more about manager on:

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4 0
1 year ago
Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $89,000. However, the bu
gogolik [260]

Answer:

The correct option is D,$42,000

Explanation:

The balance on Maxwell capital account=market  value of building contributed less the mortgage on the building

market value of the building is $89,000

Mortgage on the building is $47,000

balance on Maxwell capital account=$89,000-$47,000

balance on Maxwell capital account=$42000

The correct option is D.

Care must taken so that one does include the cash of $38,000 contributed by Smart in Maxwell's capital account balance calculation,otherwise one would have concluded that option  E,$80,000($42,000+$38,000)

6 0
3 years ago
Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing cust
Sunny_sXe [5.5K]

Answer:

Total cost= $40.3

Explanation:

Giving the following information:

The activity rates associated with each activity pool are:

$8.30 per guest check-in

$20.00 per room cleaning

$4.00 per served meal (not including food).

Tara Washington visited the hotel for a 3-night stay. Washington had 6 meals in the hotel during her visit.

Total cost= 8.30*1 + 20*1 + 4*3= $40.3

8 0
3 years ago
The amount of safety time needed to protect a particular path in a project is less than the sum of the safety times required to
Shkiper50 [21]

Answer:

a. True

Explanation:

For computing the amount of safety time required for protecting a specific path we need to subtract the total of safety time in order to protect the individual activities who are making the path so that the path should be secure, safe and protected

Hence, the given statement is true

Therefore the correct option is a. True

8 0
2 years ago
In what positive and negative ways has the Internet changed the conduct and coordination of global business?
Whitepunk [10]

Answer: Positive ways; Barriers in connecting is slightly no more, Negative ways; Increase in fraud and cyber theft

Explanation:

The internet has changed the conduct and cordination of global business in many ways both positively and negatively. Considering the positive ways

Positive Ways: Barriers in connecting is slightly no more: connecting to one another has been made easy to do business recently, people in continents can carry out a transaction and a trade under minutes of interaction and get the goods and services exchanged among each other immediately.

Negative ways; Increase in fraud and cyber theft; despite the swift nature of doing business now, it has also Increased fraud as some people disguise themselves to be traders and businessmen just to collect people's money.

7 0
2 years ago
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