subject
Business, 22.08.2019 16:30 syd141

Tristan transfers property with a tax basis of $1,255 and a fair market value of $1,570 to a corporation in exchange for stock with a fair market value of $1,255 and $276 in cash in a transaction that qualifies for deferral under section 351. the corporation assumed a liability of $39 on the property transferred. what is the corporation's tax basis in the property received in the exchange?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 14:40
Which website did you use to find the image you used in your career presentation? complete sentences are not necessary.
Answers: 1
question
Business, 21.06.2019 22:20
Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:
Answers: 2
question
Business, 22.06.2019 08:10
The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness
Answers: 1
question
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
You know the right answer?
Tristan transfers property with a tax basis of $1,255 and a fair market value of $1,570 to a corpora...
Questions