Answer:
a. Recognized gain = $ 0
b. Taxes basis = 14.000
Explanation:
a) Solution :- If the exchange is non-taxable :-
Realized gain = 35.000 - 14.600 = $ 20.400.
Recognized gain = $ 0. (The exchange situation falls / comes in the ambit of Section 1031 of IRS Code.)
Tax basis in the new asset = 14600 + 9500 = $ 24100.
Question b). Solution :-
Realized gain = 14000 + 21000 - 14600 = $ 20400.
Recognized gain = $ 20400 (Lesser of realized gain or boot received i.e., lesser of $ 20400 or $ 21000)
Tax basis in the new asset = 14600 + 20400 - 21000 = $ 14000.
<u>Answer:</u>
<em>A greater than or equal to 0; B greater than or equal to zero. This is the correct statement.</em>
<u>Explanation:</u>
A practical arrangement is a lot of qualities for the choice factors that fulfils the majority of the <em>limitations in a streamlining issue</em>.
A neighbourhood ideal arrangement is one where there is no other practical arrangement in the region with a <em>superior target capacity esteem. 0.0</em>
The right answer for the question that is being asked and shown above is that: "• market development." Market development comes in when taking existing products or services and selling them in new markets.
Existing product = running shoe designed in 1993.
New Market = present year.
Answer:
Dividends paid to preferred shareholders in 2007 = $60,000
Dividends paid to common shareholders in 2007 = $15,000
Explanation:
The Dividends paid to preferred shareholders in 2007 = 6% * $100 * 10,000 shares
The Dividends paid to preferred shareholders in 2007 = 0.06*100*10,000
The Dividends paid to preferred shareholders in 2007 = $60,000
Dividends paid to common shareholders in 2007 = Cash dividend paid in 2007 - Dividends paid to preferred shareholders
Dividends paid to common shareholders in 2007 = $75,000 - $60,000
Dividends paid to common shareholders in 2007 = $15,000