Mathematics, 02.10.2019 01:30 tbaanga1
Allie forms broadbill corporation by transferring land (basis of $125,000, fair market value of $775,000), which is subject to a mortgage of $375,000. one month prior to incorporating broadbill, allie borrows $100,000 for personal reasons and gives the lender a second mortgage on the land. broadbill corporation issues stock worth $300,000 to allie and assumes the mortgages on the land.(a) what are the tax consequences to allie and to broadbill corporation? (b) how would the tax consequences to allie differ if she had not borrowed the $100,000?
Answers: 1
Mathematics, 22.06.2019 01:30, langel7373
Josie buys a pair of boots that retail for $52.00 dollars, however they are currently on sale for 25% off how much does josie pay for the boots if there is also a 6% sales tax on them
Answers: 1
Mathematics, 22.06.2019 02:10, gabrielolivas59
Martha is training for a duathlon, which includes biking and running. she knows that yesterday she covered a total distance of over 55.5 miles in more than than 4.5 hours of training. martha runs at a speed of 6 mph and bikes at a rate of 15.5 mph.
Answers: 1
Allie forms broadbill corporation by transferring land (basis of $125,000, fair market value of $775...
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