Business, 19.12.2019 01:31 pitmmaKaos5499

Tab exchanges real estate used in his business along with stock for real estate to be held for investment. the stock transferred has an adjusted basis of $45,000 and a fair market value of $50,000. the real estate transferred has an adjusted basis of $85,000 and a fair market value of $190,000. the real estate acquired has a fair market value of $240,000.

tab's realized gain is ?

his recognized gain is ?

the basis of the newly acquired real estate is ?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 21:00, kalbaugh

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

Answers: 2

continue

Business, 22.06.2019 23:50, kaylinreed7

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)

Answers: 2

continue

Business, 23.06.2019 00:00, tre9990

What is a uniform law adopted by all states that facilitates business transactions?

Answers: 1

continue

Business, 23.06.2019 00:20, hdhdhd49jdhd

Barney corporation recognized a $100 million preferred stock balance on 12/31/2019. on january 1, 2020, barney issued $10 million in preferred dividends. on the same date, barney raised an additional $20 million via a new issuance of preferred stock. on december 31, 2020, the market value of the original amount of preferred shares rose $5 million. under us gaap, the 12/31/2020 year ending preferred stock balance is:

Answers: 3

continue

You know the right answer?

Tab exchanges real estate used in his business along with stock for real estate to be held for inves...