Business, 17.10.2019 04:30 liptontea4
Taxation of business entities, 2016 edition7-65.) wolverine corporation made a distribution of $500,000 to jim har inc. in par-tial liquidation of the company on december 31 of this year. jim har inc. owns 100 percent of wolverine corporation. the distribution was in exchange for 50 percent of jim har inc.’s stock in the company. at the time of the distri-bution, the shares had a fair market value of $200 per share. jim har inc.’s in-come tax basis in the shares was $50 per share. wolverine had total e& p of $8,000,000 at the time of the distribution. a.) what is the amount and character (capital gain or dividend) of any income or gain recognized by jim har inc. as a result of the partial liquidation? b.) assuming wolverine made no other distributions to jim har inc. during the year, by what amount does wolverine reduce its total e& p as a result of the partial liquidation?
Answers: 1
Business, 21.06.2019 18:30
Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t
Answers: 3
Business, 21.06.2019 22:30
An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $
Answers: 2
Business, 22.06.2019 19:10
According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills
Answers: 3
Business, 22.06.2019 20:20
Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
Answers: 1
Taxation of business entities, 2016 edition7-65.) wolverine corporation made a distribution of $500,...
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