Mr. ZJ owns a sole proprietorship. The business assets have a $246,000 aggregate adjusted basis. According to an independent appraisal, the business is worth $400,000. Mr. ZJ transfers his business to ZJL Corporation in exchange for 1,000 shares of ZJL stock. In each of the following cases: compute Mr. ZJ’s recognized gain on the exchange of assets for stock. a. Immediately after the exchange, ZJL has 20,000 shares of outstanding stock of which Mr. ZJ owns 1,000 shares.
b. Immediately after the exchange, ZJL has 1,500 shares of outstanding stock of which Mr. ZJ owns 1,000 shares.
c. Immediately after the exchange, ZJL has 1,200 shares of outstanding stock of which Mr. ZJ owns 1,000 shares.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

answerit is the safest endorsement for business;

answercountries with higher real income per capita tend to have higher levels of this index.