Pickett Corporation is a calendar year accrual-based C-corporation. Pickett has adopted a plan of complete liquidation in 2019. Pickett has two unrelated shareholders, Joseph who owns 70% of the outstanding shares and Abriella who owns the other 30%. Pickett will distribute a building with a fair market value of $710,000 (cost basis $750,000) to Joseph as well as cash of $90,000. Joseph will accept the building subject to the mortgage loan that Pickett had on the building of $100,000. Joseph will assume this loan of $100,000 and will be obligated on it going forward. Pickett will distribute land with a fair market value of $250,000 (cost basis of $200,000) as well as cash of $50,000 to Abriella. Prior to this transaction Joseph has a tax basis in his shares of $600,000 and Abriella has a tax basis in her shares of $320,000. What is the recognized gain or loss (if any) that Joseph and Abriella will recognize on the liquidation proceeds

Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?