Answer:
$0
Explanation:
The basis for a Section 351 transfer = fair market value of the property - assumed liabilities = $80,000 - $75,000 = $5,000
Since Buster controls Bronco Corporation (he owns 100%) and he exchanged the property for common stock, no gain or loss should be recognized, neither by Buster or the corporation. All that must be recognized is the new basis for the asset ($5,000).
Answer:
$0
Explanation:
The opportunity cost of computer chip production is 2.
Opportunity cost of the next best option that is forgone when one option is chosen over other options. Opportunity cost is also known as implicit cost.
In order to determine the opportunity cost divide the number of potato chips by the number of computer chips that can be made.
Opportunity cost = number of potato chips / number of computer chips
50 / 25 = 2
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international trade
tariffs
Answer: regulation
Explanation:
c. A decrease in the general price level.
b. A reduction in the supply of money.
d. A decrease in a nation’s standard of living. Please select the best answer from the choices provided A B C D