User Account

All Pages

Frank recognizes gain in what amount

Assignment Help Finance Basics
Reference no: EM131928391

Person owns 100% of the stock of Widget Inc. He transfers a manufacturing plant worth $100,000 with a basis of $50,000 to Widget Inc. in exchange for stock worth $70,000 and $30,000 in cash. Frank recognizes gain in what amount?

Reference no: EM131928391

Questions Cloud

What annual rate of interest must you earn : What annual rate of interest must you earn on your investment to cover the cost of your child's college education? (Enter your answer as a percentage).
Kal recognize as a result of transaction : He trades it for another parcel of land worth $100,000 plus a painting worth $100,000. How much gain does Kal recognize as a result of this transaction?
Shares acquired on september 28 : On September 28, he reacquires 500 shares of ZXZ and pays $18,500. What is his basis in the 500 ZXZ shares acquired on September 28?
How much is the profit margin : Net income is $15,000, operating expenses are $20,000, net sales total $75,000, and sales revenues total $95,000. How much is the profit margin?
Frank recognizes gain in what amount : Person owns 100% of the stock of Widget Inc. He transfers a manufacturing plant worth $100,000 with a basis of $50,000 to Widget Inc. in exchange
How much will you have to pay out of pocket : How much will you have to pay out of pocket for repairs on your home if you have your home insured for $80,000, the replacement cost of your home is $150,000.
Calculate the number of units ZZ Inc purchased on July : Assume ZZ, Inc. uses the FIFO inventory costing method. Calculate the number of units ZZ, Inc.purchased on July 29
What are the five basic types of financial ratios : Provide an example ratio for each type and explain why it would be helpful and who would find that information relevant?
How would mutually exclusive apply to multiple projects : The Net Present Value method is modern method of evaluating investment proposals. How would mutually exclusive apply to multiple projects?

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute contribution margin per pound of materials used

shelby company produces three products product x product y and product z. data concerning the three products follow

  Investigate the investment potential of a variety of product

Investigate the investment potential of a variety of financial products and services including money markets, real estate, stocks, and insurance products.

  How can you judge the current performance of the centre

Can you find the resources that the centre will need to maintain - or improve - the current level of service with increasing numbers of patients?

  What is the difference in the percentage of the firm

What is the difference in the percentage of the firm's pre-tax income that investors actually receive and can spend under the corporate and partnership forms of organization?

  How does the net present value model complement the

how does the net present value model complement the objective of maximizing shareholder

  In this assignment you will compare and evaluate risk

in this assignment you will compare and evaluate risk management techniques from experts in the field. go to the

  Working capital and short-term financing

Working Capital and Short-Term Financing

  By how many ton does each from end up reducing its pollution

Suppose that two firms emit a certain pollutant. The marginal cost of reducing pollution for each firm is as follows: MCi = 300e1 and MC2 = 100e2.

  Techniques with an emphasis on comparative strengths

Compare and contrast each of the techniques with an emphasis on comparative strengths and weaknesses. Be sure to show you understand how each is applied and used in capital budgeting decisions.

  What is the rationale for reporting held-to-maturity

a company can have passive interest non influencial investments significant influential investments or controlling

  Predicting the future

The percent of sales method is based on historical information. Giving consideration to the turbulent first decade of this century with wars and shortages

  Determine the appropriate time

How did it determine the appropriate time to make the change? What have been the results?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd