Jalen transferred his 10 percent interest to wolverine company as part of a complete liquidation of the company. in the exchange, he received land with a fair market value of $100,000. jalen's basis in the wolverine stock was $50,000. the land had a basis to wolverine company of $80,000. what amount of gain does jalen recognize in the exchange and what is his basis in the land he receives?

Which of the following would be an accurate statement about achieving a balanced budget

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?