Robert and Sylvia propose to have their corporation, Wolverine Universal (WU), acquire another corporation, EMU Inc., in a stock-for-stock Type B acquisition. The sole shareholder of EMU, Edie Eagle, will receive $512,500 of WU voting stock in the transaction. Edie's tax basis in her EMU stock is $248,000. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated by a minus sign. Omit the "$" sign in your response.) a. What amount of gain or loss does Edie recognize if the transaction is structured as a stock-for-stock Type B acquisition? Gain or loss recognizedb. What is Edies tax basis in the WU stock she receives in the exchange? Tax basis $c. What is the tax basis of the EMU stock held by WU after the exchange? Tax basis $

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?