Answer: $15,000
Explanation:
From the question, Carl transfers land with a fair market value of $120,000 and basis of $30,000, to a new corporation in exchange for 85 percent of the corporation's stock and that the land is subject to a $45,000 liability, which the corporation assumes.
The amount of gain that Carl must recognize as a result of this transaction will be the difference between the liability the land is subjected to which is $45,000 and the basis of the land which is $30,000.
= $45,000 - $30,000
= $15,000
Answer:
The answer is (A)
<em>WAS</em><em> </em><em>THIS</em><em> </em><em>ANSWER</em><em> </em><em>HELPFUL</em><em>?</em><em> </em>
<em>MARK</em><em> </em><em>ME</em><em> </em><em>AS</em><em> </em><em>A</em><em> </em><em>BRAINLIEST</em>
Answer:
c. $8.05
Explanation:
Calculation to determine What is the value of this stock at a required return of 16.4 percent
First step is to calculate the P2
P2 = ($1.35/.164)
P2= $8.23
Now let calculate the value of the stock
P0 = [$1.23 /1.164] + [($1.25 + 8.23)/1.164^2]
P0 = $8.05
Therefore the value of this stock at a required return of 16.4 percent is $8.05
Answer:
Yes it would be profitable to replace a year old machine.
Explanation:
its always best to buy new things to replace others.
old things usually dont work correctly and could be out of date.
buying something new can reduce that probability of not working correctly
