User Account

All Pages

What is the minimum number of shares of merit stock

Assignment Help Accounting Basics
Reference no: EM131759825

Question: On July 1, Alan Roes, sole proprietor of Keep Nail, transferred all of Keep's assets to Merit, Inc., a new corporation, in exchange for some of Merit's stock. Al Clyde, who is not related to Rees, also bought some of Merit's stock on July 1. Merit's outstanding capital stock consisted of 1,000 shares of common stock with a per value of $100 per share. For the transfer of Keep nail's assets to be tax - free, what is the minimum number of shares of Merit's stock that must be owned by Rees and Clyde immediately after the exchange?

500

501

800

801

Reference no: EM131759825

Questions Cloud

Find the competitive equilibrium in market : The demand for flowers is P = 240 - 2Q and the MC is MC = Q. a) Find the competitive equilibrium in this market.
Record journal entry that should be recorded by agincourt : Record the journal entry that should be recorded by Agincourt Inc. for the sales transaction above that took place on July 1, 2014.
Wheel bearings that will be in inventory at wheel-rite : What is the optimum production quantity? What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite?
Determine the short-run firm supply curve : A) Determine the short-run firm supply curve. B) What is the short-run equilibrium price and quantity?
What is the minimum number of shares of merit stock : On July 1, Alan Roes, sole proprietor of Keep Nail, transferred all of Keep's assets to Merit, Inc., a new corporation, in exchange for some of Merit's stock.
Characterized by an inverse demand curve : Suppose a market is characterized by an inverse demand curve P(Q)=100-4Q. All firms in the market are identical. Each firm faces a long-run total cost function.
List and explain the points of financial impact on a company : Explain why the present value of a cash flow stream, and the asset associated therewith; fluctuate in value with the level of interest rates in the market
Discuss total budgeted fixed manufacturing overhead : Standard variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead
Why taxing would not work on electric cars : ARGUE WHY TAXING WOULD NOT WORK ON ELECTIC CARS.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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