Sarah and Tony (mother and son) form Dove Corporation with the following investments: cash by Sarah of $65,000; land by Tony (basis of $25,000 and fair market value of $35,000). Dove Corporation issues 400 shares of stock, 200 each to Sarah and Tony. Thus, each receives stock in Dove worth $50,000. a. Section 351 cannot apply since Sarah should have received 260 shares instead of only 200.
b. Section 351 may apply because stock need not be issued to Sarah and Tony in proportion to the value of the property transferred.
c. Tony's basis in the stock of Dove Corporation is $50,000.
d. As a result of the transfer, Tony recognizes a gain of $10,000.
e. None of the above.

Carolyn has a 50 percent interest in a general partnership that has a $14,000 loss for the year. she materially participates in the partnership. her basis in the partnership is $10,000. she also has salary from other employment of $46,000. if she is single, has no dependents, and claims the standard deduction, what is her taxable income and her tax liability in 2017

Plz i have no idea what a cover letter is can u guys explain it to me write a letter to the address below. you are responding to an advertisement from the willamette company for a job opening as an office assistant. you did some research and learned that the person to whom the application should be sent is ms. katrina n. d. waives. you are going to enclose a résumé and three letters of reference. your résumé will have details about your qualifications, so you should just give a brief but inviting overview of them here. in addition, your letter will include a very important paragraph that is not normally a part of a business letter. you will tell what format you are using for your letter where you got the information on this format. address of the willamette company: 355 buck hill road, portland, oregon 48792.

Alyssa works for an engineering firm that has been hired to design and supervise the construction of a highway bridge over a major river. the bridge will be a unique design, incorporating complex designs that will likely never be duplicated. how should alyssa deal with designing and overseeing the building of the bridge?