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

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?