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Marta_Voda [28]
2 years ago
8

Andre formed a corporation and owns all the stock. He contributed property with a FMV of $10,000 and a basis of $7,000 and he re

ceived $1,000 cash from the corporation. Andre's basis in his stock is:
Business
1 answer:
Vitek1552 [10]2 years ago
6 0
Andre formed a corporation and owns all the stock. He contributed property with a FMV of $10,000 and a basis of $7,000 and he received $1,000 cash from the corporation. Andre's basis in his stock is:
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This clause found in a mortgage ensures that the borrower will maintain clear title on the property in the event the bank is for
vovikov84 [41]

Answer: Marketable title clause

Explanation:

Marketable title clause is a clause that is found in a mortgage which ensures that the borrower will maintain clear title on the property in the event the bank is forced to foreclose.

A marketable title is a title that can be given to a new owner and it should be noted that there's no likelihood that another party will make claims on it.

4 0
3 years ago
A property management group is interested in diversifying its company to operate properties for low-income housing, but the grou
Sloan [31]

Options:a. Unrelated diversification b. Related diversification c. Internal new venture d. Joint.

Answer:b. Related diversification

Explanation:Related diversification is a system of diversification where a business Organisation diversifies its operations into product lines or brands that are similar to what it is already Manufacturing or marketing.

The property management company has already been involved in property management,but in this case it is for High income earners,since it is now interested and wants to diversify to property management for low income earners,this approach to diversify is called RELATED DIVERSIFICATION.

3 0
3 years ago
Which would be the most likely target market for a new brand of high-end athletic shoes?
qwelly [4]

Answer:

Dedicated athletes, like a marathon runners

Explanation:

6 0
4 years ago
Khalid is a 39-year-old, married business owner who runs a dry cleaning service with three locations. His personal obligations a
madam [21]

Answer:

D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.

3 0
3 years ago
In the acronym SMART, what does the “M” stand for?
elena-14-01-66 [18.8K]

Answer:

measurable

Explanation:

defining a hypothesis

7 0
3 years ago
Read 2 more answers
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