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1. Mega corporation negotiated with Jerry, trying to get him to transfer some land and a building (basis of 200,000 and FMV of 350,000), but Jerry refused. Instead he agreed to lease the property to the new corporation. Explain why this was very likely a provident move by Jerry. 2. Telsa Corporation received $400,000,000 from the state of Nevada to built a plant in that state. What are the Tax consequenses from receiving these funds?
tony and suzie graduate from college in may 2012 and begin developing their new business. they begin by offering
investment in trading securities-journal entriesprepare the journal entries to account for the following investment
Edgemont paid a cash dividend of $25,000 in 2009. No additional stock was issued. Compute the retained earnings on December 31, 2008, and 2009.
prepare a 5-year (2009-2013) schedule of compensation expense pertaining to the 40,000 SARs granted to president scott.
The XYZ Corporation has $1000,000 which it plans to invest in marketable securities. The corporation is choosing between the following three equally risky securities
at the beginningof the year caples co had total assets of 800000 and total liabilities of 300000. if during the year
(1) inventory with a basis of $15,000 and a fair market value of $13,000, and (2) land with a basis of 5000 and fair market value of $20,000. What are Amy's bases in the land and her partnership interest after distribution?
Compute the depreciation expense for the years indicated using the following methods. (Round to the nearest dollar.)
smile alot dental sad provides three basic service appointments cleaning check-up and full service.total annual costs
At the end of fiscal year 2010, the Acme Company wishes to declare $50,000 in common stock dividends. They currently have 100,000 shares of common stock outstanding and 5,000 shares of $100 par value, 5%, cumulative preferred stock.
Please demonstrate your knowledge of current assets and liabilities by discussing: Dependencies between current assets and current liabilities either through balance creations or balance changes. Are there any special management considerations relate..
If the recorded value of a note differs from the face value: a. Explain how the company should account for the difference. b. Explain how the company should present this difference in the financial statements.
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