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Dominik [7]
3 years ago
7

Roberta transfers property with a tax basis of $460 and a fair market value of $539 to a corporation in exchange for stock with

a fair market value of $396 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $143 on the property transferred. What is the amount realized by Roberta in the exchange?
Business
1 answer:
mamaluj [8]3 years ago
8 0

Answer:

$539

Explanation:

Based on the information given we were told that he transfer property which had a fair market value of the amount of $539 to a corporation in exchange for stock which means that the amount that will be realized in the exchange for the stock will be the amount of $539.

Therefore the amount realized by Roberta in the exchange will be $539

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Tanzania [10]

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3 0
3 years ago
Consider the case of the following annuities, and the need to compute either their expected rate of return or duration.
anastassius [24]

Answer:

1. 5.00%

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Explanation:

As per the data given in the question,

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The formula is shown below:

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6 0
3 years ago
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Ganezh [65]

Answer:

b.advertising

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3 years ago
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Chmelar Manufacturing Company developed the following data: Beginning work in process inventory $ 80,000 Direct materials used 4
Jet001 [13]

Answer:

b. $1,260,000

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