Brittany callihan sold stock (basis of $184,000) to her son, ridge, for $160,000, the fair market value.

a. what are the tax consequences to brittany?

b. what are the tax consequences to ridge if he later sells the stock for $190,000, for$152,000, $174,000

c. write a letter to brittany in which you inform her of the tax consequences if she sells the stock to ridge for $160,000. explain how a sales transaction could be structured that would produce better tax consequences for her. brittany’s address is 32 country lane, lawrence, ks 66045.

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u. s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is

At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.

The notarial evidence form is completed by