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Question - Tweedle-Dee and Tweedle-Dum form Alice Corporation with the transfer of the following - Tweedle-Dee performs personal services for the corporation with a fair market value of $100,000 in exchange for 400 shares of stock. Tweedle-Dum contributes an installment note receivable (basis $25,000; fair market value $40,000), land (basis $50,000; fair market value $180,000), and inventory (basis $100,000; fair market value $120,000) in exchange for 1,600 shares. Determine Tweedle-Dee and Tweedle-Dum's current income, gain, or loss; calculate the basis that each takes in the Alice stock.
The fair value of the note payable on the date of restructuring is P2,200,000. Prepare the pertinent journal entry for the equity swap
Given this leverage ratio, what is the maximum fall in asset prices, in percentage terms, that they could sustain and still remain in business?
ACC 640 Assignment. Southern New Hampshire University. Analyze the income statement for any potential risk factors and compliance issues
Based on these two assumptions AND the impact of the entries you made for the property dividend, what was Leia's retained earnings balance as of 03-31-16?
How Accounts to be adjusted on admission of a new Partner. Select Organization Doing Partnership business (give introduction and mention the type of activity)
On average, students spent between $500 and $1,000 per semester on textbooks. What fundamental of capitalism are relevant to this case
calculate uop or watson k factors for n-pentane cyclohexane methylcyclohexane benzene and xylene to consider the
If the direct materials is 24,000 the direct labor is 18,000 and the applied overhead is 6,300 and total cost is 48,300 what is the cost transferred to finished
Firm has an after tax profit margin of 6%, asset of 3.5 times and no debt, what is return on assets and return on equity? Return on assets of 9% and a 45%.
Annual fixed costs are $400,000. How many pairs of each type of footwear have to be sold to achieve a before-tax operating income of $150,000
The general manager was confused because the company had a $9,000 profit, yet seemed, as noted above, $10,000 worse off in its cash position. Explain briefly how, in general, this difference between profit and cash change can happen.
The effective age of our subject is 10 years, Calculate the age adjustment if the cost as new for the comparable is estimated at $230,000.
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