You and Sidd Jones buy property for $200,000. You both organize a corporation when the property has a fair market value of $350,000. You transfer the property to the corporation for all its authorized capital stock, which has a par value of $350,000.

Pick the correct statement based on these facts:

A) You & Sidd each recognize $75,000 gain, none to the corporation.

B) No gain is recognized by you, Sidd, or the corporation.

C) No gain is recognized by you or Sidd. But the corporation recognizes $150,000 of $0.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Robert is a district manager who oversees several store managers in a national chain of restaurants. robert reports directly to the vice president of stores and marketing, a member of top management. robert is a middle manager.t/f

A76-year old female with degenerative joint disease made an appointment with an orthopedic surgeon. the patient stated she has had severe pain in her right knee for six months. she has tried physical therapy and steroid injections but has not had any relief. the surgeon has agreed to schedule a right total knee arthroplasty (knee replacement).