Business, 23.01.2020 07:31 laurencollett4838
Small company was liquidated in the current year by parent company, its sole shareholder. parent received the following assets on june 15 pursuant to the liquidation: basis to fair small market value cash $100,00o$100,000 accounts receivable 40,000 40,000 plant assets (net) 70,000 90,000 land (mortgage on land $40,000)90,000 110.000 total $300,00o$340,000 also pursuant to the liquidation, parent assumed the mortgage of $40,000 on the land. parent corporation's basis in small common stock is $205,00o. what are the amount and the character of the gain or loss parent must recognize from the liquidation? $95.000 capital gain. ke $135.000 capital gain. in $340.000 dividend
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Business, 22.06.2019 04:30, fixianstewart
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
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Business, 22.06.2019 20:20, baby851
You are the cfo of a u. s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u. s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take
Answers: 2
Business, 23.06.2019 12:20, kfnldkl1782
Gross output (go) reflects the overall status of the productive side of the economy better than gdp does. a. true b. false
Answers: 2
Small company was liquidated in the current year by parent company, its sole shareholder. parent rec...
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