The stock of lavender corporation is held as follows: 80% by jade corporation (basis of $400,000) and 20% by tiffany (basis of $100,000). lavender corporation is liquidated in december of the current year, pursuant to a plan adopted earlier in the year. pursuant to the liquidation, lavender corporation distributed asset a (basis of $600,000, fair market value of $900,000) to jade, and asset b (basis of $250,000, fair market value of $225,000) to tiffany. no election is made under § 338. with respect to the liquidation of lavender: (a) lavender recognizes a loss of $25,000 on the distribution of asset b.(b) jade has a basis in asset a of $900,000.(c) tiffany has a basis in asset b of $225,000.(d) jade recognizes a gain of $500,000.(e) lavender recognizes a gain of $300,000 on the distribution of asset a.
Answers: 3
Business, 21.06.2019 17:10, jackchelly
American gas products manufactures a device called a can-emitor that empties the contents of old aerosol cans in 2 to 3 seconds. this eliminates having to dispose of the cans as hazardous wastes. if a certain paint company can save $75,000 per year in waste disposal costs, how much could the company afford to spend now on the can-emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?
Answers: 1
Business, 22.06.2019 11:10, amunson40
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
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
The stock of lavender corporation is held as follows: 80% by jade corporation (basis of $400,000) a...
Mathematics, 04.12.2020 18:40
Mathematics, 04.12.2020 18:40