Chapter 04 Homework Questions - 5593 Words

Name: ________________________ Class: ___________________ Date: __________ ID: A Chapter 04 True/False Indicate whether the statement is true or false. ____ 1. Section 351 (which permits transfers to controlled corporations to be tax deferred) can be justified under the wherewithal to pay concept. ____ 2. Similar to like-kind exchanges, the receipt of â€Å"boot† under  § 351 can cause loss to be recognized. ____ 3. Tina incorporates her sole proprietorship with assets having a fair market value of $100,000 and an adjusted basis of $110,000. Even though  § 351 applies, Tina may recognize her realized loss of $10,000. ____ 4. In a  § 351 transfer, a shareholder receives boot of $10,000 but ends up with a realized†¦show more content†¦____ 21. The bona fide business requirement of  § 357(b) is easily satisfied as long as the liability arose in the normal course of conducting the business that is incorporated. ____ 22. When incorporating her sole proprietorship, Samantha transfers all of its assets and liabilities. Included in the $30,000 of liabilities assumed by the corporation is $500 that relates to a personal expenditure. Under these circumstances, the entire $30,000 will be treated as boot. ____ 23. In determining whether  § 357(c) applies, assess whether the liabilities involved exceed the bases of all assets a shareholder transfers to the corporation. ____ 24. A taxpayer transfers assets and liabilities to a corporation in return for its stock. If the liabilities exceed the basis of the assets transferred, the taxpayer will recognize gain to avoid having a negative basis in the stock. ____ 25. If both  §Ã‚ § 357(b) and (c) apply to the same transfer (i.e., the liability is not supported by a bona fide business purpose and also exceeds the basis of the properties transferred),  § 357(c) predominates. ____ 26. When a taxpayer transfers property subject to a mortgage to a controlled corporation in an exchange qualifying under  § 351, the transferor shareholder’s basis in stock received in the transferee corporation is increased by the amount of the mortgage on the property. ____ 27. In a  § 351 transaction, Gerald transfers equipment worth $85,000 (basis of $120,000) inShow MoreRelated5-Day Lesson Plan1065 Words   |  5 PagesStudent groups will complete â€Å"Label the Earth’s Oceans†. CLOSURE: Review and discuss oceans. SUMMARY/EVALUATION: Constructed response. HOMEWORK: Complete â€Å"Continents and Oceans Quiz† handout. ADVANCED PREPARATION: Put television in front of chalkboard and put in video â€Å"Why is the Ocean Salty?† – 04/24/11. Michelle Kendred April 24, 2011 Grade 7 Room 5 Oceans Why is the ocean salty? What are the motions ofRead MoreCct 300B. Intermediate Accounting . Course Information1686 Words   |  7 PagesInstructor: Hyeesoo (Sally) Chung, Ph.D. Office: CBA-411 Phone: (562) 985-5908 Email: hyeesoo.chung@csulb.edu Office Hours: TTH,12pm – 1:30pm; or by appointment. Class: TTH, 10am – 11:50am, Section 03, Call #6682, CBA-227 TTH, 2pm – 3:50pm, Section 04, Call #6683, CBA-218 Course Description: Accounting theory including recording, valuation, and statement presentation of assets, liabilities, capital, and earnings. Funds statements, financial analysis, interest theory and applications. Course Prerequisite:Read MoreHp Value Chain Analysis1389 Words   |  6 PagesFriday – 12:00pm – 02:00pm 04:00pm – 05:00pm 12:00pm – 02:00pm – * Other hours: By appointment Course Expectations X Multiple-Choice Exams X Essay Tests X Written Homework X Written Papers/Cases X Internet Assignments X Library Assignments X Oral Presentations X Class Discussion X Make-Up Policy Students with Disabilities Students with Disabilities: Students who have a disability that may require assistance or accommodation, or students who have questions related to any accommodationsRead MoreAccounting: Recordation of Assets and Liabilities of All Continental Countries2557 Words   |  11 Pages ( explain the eight factors in accounting development, ( describe comparative development patterns, and ( describe the two different types of accounting classifications Week 2 Comparative Accounting: Europe Monday 07/04/11- Sunday 07/10/11 After completing week the lessons for week two the student should be able to explain the European Union (EU)’s International Financial Reporting Standards (IFRS) and the nationalRead MoreAcc 4035354 Words   |  22 Pages | |1 | |Homework | |10/09/2011 Read MoreGenerational Poverty Essay1694 Words   |  7 Pagesand feel that they don’t have a way out. Every day in society people turn their heads or frown up their nose at people who they see living in poverty because they think they are better than them and will not lift a hand to help them out. The big question is why do we do this? In most cases, the poverty line or clash of the classes are based on wealth and there is certainly a variation in the wealth among the population. But classism exists from the beginning of education to death. Schools passRead MoreOrganizational Behavior: Managerial and Organizational Challenges3088 Words   |  13 Pages(25%) 3. OB in the news (10%) 4. Research Critique and Case Analysis (15%) 5. Individual or Group Assignments/Quizzes/Homework/Case Analysis (20%) EXAMS Four exams (including the final exam) will be given during the semester. However, only three exams will be included in your final grade. Each exam will include multiple choice,true/false, and short essay questions. Any material covered in the readings or presented in class (either by me or through class discussions) may appear on anRead MoreSCHM 2301 MurraySyllabus Spring 2015 V25207 Words   |  21 Pagesï » ¿Northeastern University D’Amore-McKim School of Business SCHM2301 Supply Chain and Operations Management Section 04– Class Number XXXX Tuesdays Fridays: 3:25-5:05pm-, 230 Dodge Hall Spring 2015 Instructor: Bob Murray Office: 325 Hayden Hall Email: r.murray@neu.edu Phone: 617-877-8432 Office Hours: Tuesday 10AM-12PM or by Appointment Text: A Customized Textbook, Supply Chain Management SCHM2301, ISBN9781308037400 Copies are onRead MoreMitzel Corporation4000 Words   |  16 PagesAccounting for Managers Homework Set 2.2 Cost-Volume-Profit and Segment Profitability Analysis 1.  Candice Corporation has decided to introduce a new product. The product can be manufactured using either a capital-intensive or labor-intensive method. The manufacturing method will not affect the quality or sales of the product. The estimated manufacturing costs of the two methods are as follows:   Ã‚   The company s market research department has recommended an introductory selling price of $30Read MoreOutline Of A Paper On Flipped Classrooms2525 Words   |  11 PagesAbstract.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Chapter 1: Introduction†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 Chapter 2: Review of Literature†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...7 Chapter 3: Research Summary and Conclusions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦....... Chapter 4: Discussion and Applications...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Abstract Flipped Classrooms Chapter 1: Introduction When the author of this paper began