Jefferson Millinery Inc. (JMI) decided to liquidate its wholly owned subsidiary, 8 Miles High Inc. (8MH). 8MH had the following tax accounting balance sheet: FMV Adjusted Basis Appreciation
Cash $200,000 $200,000
Building 50,000 10,000 $40,000
Land 150,000 200,000 (50,000)
Total $400,000 $410,000 $(10,000)
a. What amount of gain or loss does 8MH recognize in the complete liquidation?
b. What amount of gain or loss does JMI recognize in the complete liquidation?
c. What is JMI's tax basis in the building and land after the complete liquidation?

a. What amount of gain or loss does 8MH recognize in the complete liquidation?

b. What amount of gain or loss does JMI recognize in the complete liquidation?

c. What is JMI's tax basis in the building and land after the complete liquidation?

Since 8MH is being liquidated, its assets will be distributed to JMI at fair market value:

Explanation:

                              FMV       Adjusted Basis      Appreciation

Cash               $200,000      $200,000

Building            $50,000         $10,000               $40,000

Land                $150,000      $200,000             ($50,000)      

Total               $400,000       $410,000              ($10,000)

among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.  

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.