subject
Business, 31.10.2019 06:31 hannahponder

Mdc corporation is acquiring aim corporation in a "type a" reorganization by exchanging 49% of its voting stock and $200,000 for all of aim’s assets (value of $1,000,000 and basis of $200,000) and liabilities ($300,000). the shareholders of aim are andy (500 shares) and tom (500 shares). they bought their stock for $100 per share ten years ago. what is the amount of gains or losses that andy will realize and recognize due to the reorganization? what is the amount of the gain/ loss that aim will realize and recognize from the transaction? what is the value of the stock they received from mdc and what is andy’s basis in the mdc stock? what is mdc’s basis in aim’s old assets?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 03:20
Look at this check register. calculate the current balance. check date transaction (+) deposit balance 5/1 5/3 $82.92 debit 8.00 78.24 005 monthly fee phone bill paycheck 1 125.00 5/15 5/17 5/20 atm 40.00 56.50 006 t ennis lessons the current balance is?
Answers: 1
question
Business, 22.06.2019 04:30
Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year
Answers: 1
question
Business, 22.06.2019 14:00
How many months does the federal budget usually take to prepare
Answers: 1
question
Business, 22.06.2019 22:00
Retail industry fundamentals credential exam,part 1 all answers
Answers: 3
You know the right answer?
Mdc corporation is acquiring aim corporation in a "type a" reorganization by exchanging 49% of its v...
Questions
question
Business, 04.06.2020 17:58
question
Mathematics, 04.06.2020 17:58
question
Mathematics, 04.06.2020 17:59
question
Geography, 04.06.2020 17:59
Questions on the website: 13722363