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natta225 [31]
2 years ago
11

Grade 10 SBA TERM 3 business studies ​

Business
1 answer:
sweet-ann [11.9K]2 years ago
3 0

Answer:

good

Explanation:

we should study welll

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Answer:

148.31

Explanation:

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Answer:

$13,000

Explanation:

Given that:

Jeremy operates a business as a sole proprietorship which uses a cash method of accounting. Now he is planning transfer them into a new corporation in  exchange for its stock.

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Therefore , Jeremy's basis for his stock is : $20,000 -$7,000 = $13,000

since  that will reduce the  basis by amount of the note payable.

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