Answer:
c. $500,000.
Explanation:
Market Corporation has a basis in the land of $500,000.
We are told in the question that ''Market Corporation completely liquidates Subsidiary Corporation, receiving land with a $400,000 adjusted basis and a $500,000 Fair Market Value''
In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.
Options:
A. Independent processing
B. Surrogate Interaction
C. Direct interaction
D. Resource processing
E. Process domain Interaction.
Answer:B. Surrogate Interaction
Explanation:
PCN(preassigned control number) PROGRAM is a program system designed to allow the Library of Congress to assign control numbers in advance of a publication to those titles which may be included to collections of materials in the Library. PCN number is only assigned to publishers in the United States of America.
Surrogate Interaction is a type of Interaction taking place in a PCN program where there are no direct interaction.
The statement that is true among the choices given is option C. The presentvalue of money is greater than its future value. This statement is a fact and is always true. The present worth of a money is greater than its future value due to inflation. This is the principle called the time value of money.
The minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.
Data and Calculations:
Monthly expenditures = $3,250
Taxes and other deductions = 20% of monthly income
Monthly expenditures in percentage = 80% (1 - 20%)
Minimum income per month = $4,062.50 ($3,250/80%)
Thus, the minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.
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