Jorge contributed land he held as an investment (fair market value $194,000; basis $66,500) and inventory (fair market value $122,000; basis $118,500) to abc corporation in exchange for 50 percent of the abc stock (66 shares valued at $297,000) and $19,000 cash in a qualifying $351 exchange. (negative amounts should be indicated by a minus sign. leave no answer blank. enter zero if applicable.)
assume the original facts in this example except that the inventory had an adjusted basis of $132,500 so that jorge realized a $10,500 loss on the inventory (he still realized a $127,500 gain on the land). how much gain or loss would he recognize on the exchange?

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve