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Problem - The stock of Emerald Corporation is held equally by Barney and Faye. The shareholders would like to receive, as a dividend, value of $800,000 each. The corporation has the following assets that it no longer uses.
Asset
Adjusted Basis to Emerald Corporation
Fair Market Value
Unimproved land
$1,040,000
$800,000
Chevron stock
480,000
800,000
Both assets are held as investments. Emerald Corporation has a capital loss carry-over from the previous year of $80,000 and has accumulated E & P in excess of $2,000,000.
Barney and Faye have come to you for advice. Suggest an attractive tax plan to carry out what the parties want. Write a letter (addressed to Emerald Corporation at PO Box 940, Rochester, NY 14692) describing your plan and its tax consequences.
Consider the basic EOQ model. We want to know the sensitivity of (1) the optimal order quantity, (2) the sum of the annual order cost and the annual holding cost (not including the annual purchase cost cD), and (3) the time between orders to vario..
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