subject
Business, 26.03.2020 19:56 montoyaricardo3550

G Green Corporation's assets are valued at $1,246,500 after payment of all corporate debts, except for $186,975 of taxes payable on net gains it recognized on the liquidation. Bruno, an individual and the sole shareholder of Green, has a basis of $65,441 in his stock. Compute the gain or loss recognized by Bruno on the liquidation of Green Corporation. Bruno has a recognized of $ as a result of the liquidation.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 13:40
Conner enterprises issued $120,000 of 10%, 5-year bonds with interest payable semi annually. determine the issue price of the bonds are priced to yield (a) 10%, (b) 8%, and (c) 12%. use financial calculator or excel to calculate answers. round answers to the nearest whole number.
Answers: 3
question
Business, 22.06.2019 05:20
Social computing forces companies to deal with customers as opposed to
Answers: 2
question
Business, 22.06.2019 09:00
You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer
Answers: 3
question
Business, 22.06.2019 12:00
Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund
Answers: 1
You know the right answer?
G Green Corporation's assets are valued at $1,246,500 after payment of all corporate debts, except f...
Questions
question
Biology, 05.03.2020 02:35