On January 1, 20X5, Meadow Inc. and Lark Inc. formed a joint venture called MLK Ltd. Meadow invested plant and equipment with a carrying value of $500,000 and a fair value of $800,000 for a 30% interest in the venture. Lark contributed assets with a fair value of $2,000,000 (including $200,000 in cash) for a 70% stake in MLK. The fair value of the assets contributed by Lark was the same as their carrying value. MLK reported net income of $100,000 for 20X5. Meadow’s plant and equipment were estimated to provide an additional five years of utility to MLK. Both companies pay income tax at a rate of 20%, and both companies, as well as the joint venture, have a December 31 year end. Assume that the transaction has commercial substance. Required:
What is the unrealized gain net of taxes arising from the transfer of Meadow’s assets toMLK on January 1, 20X5?

1) u. s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u. s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills. what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i. e, his fifth year, not his junior year).