On january 1, year 1, pearl corporation owned 90% of the outstanding stock of seso corporation. both companies were domestic corporations. pursuant to a plan of liquidation adopted by seso in march year 1, seso distributed all of its property in september year 1 in complete redemption of all its stock, when seso's accumulated earnings equaled $18,000. seso had never been insolvent. pursuant to the liquidation, seso transferred to pearl a parcel of land with a basis of $10,000 and a fair market value of $40,000. how much gain must seso recognize in year 1 on the transfer of this land to pearl?

What is the most important type of decision that the financial manager makes?

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.