Jack transferred a building that had an adjusted basis of $75,000 and a fair market value of $130,000 to r corp. in exchange for 80% of r's only class of stock and a car with an adjusted basis to r of $25,000. the fmv of the stock at the time of the transfer was $100,000 and the car's fmv was $30,000. how much gain must r recognize on the exchange?

a. $30,000
b. $5,000
c. $100,000
d. $105,000

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.

How is challah bread made? if i have to dabble the recipe?