Answer and Explanation:
The computation is shown below:
a. The distribution of Property A would result in a recognized gain
= $182,400 - $91,200
= $91,200
b. The distribution of Property B would result in a disallowed loss is
= $182,400 - $237,120
= -$54,720
c. The sale of Property B to an unrelated party in a recognized loss is
= $182,400 - $237,120
= -$54,720
<u>D. A premium rooftop restaurant in the same city</u> will be a part of Golden Harvest's strategic group.
<u>Explanation</u>:
A 5 Star Hotel is a hotel that provides a luxury service to its customers through its operation. It is operated to serve their guest at high level. The materials, tables and each and everything used in the five-star hotel are set with high quality. They provide utmost care to their guest.
In the above scenario, Golden Harvest is the restaurant that is operated inside a five-star hotel. They provide quality dining to their customers. The customers visiting the restaurant expect only the quality and they don’t bother about the prices.
This shows that <u>a premium rooftop restaurant in the same city will be a part of Golden Harvest’s strategic group.
</u>
Answer:
False
Explanation:
According to federal regulations each IRB shall have at-least 5 members, further, there shall be at-least one member with scientific expertise and one member with no expertise in science.
Total number shall not fall below 5 members.
Here it states, to have at-least two members are require to fulfill the requirement of membership. Thus, the above statement is false.
In case it is talking about only about the character being scientific expertise or not then it is true.
But total members are 5 and not 2 thus statement is false.
Answer:
c. can challenge the determination in court.
Explanation:
Ralph owns a forested land which he most likely purchased for the purpose of cutting timber. If the Department of the Interior has declared that a small fruitfly on his property is an endangered species and prevented the harvesting of trees, he can challenge this in court.
This is because the land is private property and the determination by the Department of the Interior will make the land useless to Ralph. Also the government only has the ability to enforce such directives on public property.
