Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 7.00

transferring inventory

Francine incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100% of the corporations stock. The property transferred to the corporation had the following fair market values and tax-adjusted bases. FMV: Inventory: $30,000 Building: $130,000 Land: $50,000 Total : $210,000 Tax-Adjusted Basis: Inventory: $10,000 Building: $80,000 Land: $100,000 Total : $190,000 The corporation also assumed a mortgage of $60,000 attached to the building and land. The fair market value of the corporations stock received in the exchange was $150,000. What amount of gain or loss does Francine realize on the transfer of the property to her corporation? What amount of gain or loss does Francine recognize on the transfer of the property to her corporation?

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Aug 2017 11:08 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)