Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The property is subject to an $80,000 mortgage, which Marty assumes. Marty's basis in the Robot stock surrendered is $50,000. Marty must recognize
A) a $40,000 loss.
B) no gain or loss.
C) a $60,000 gain.
D) none of the above
A) a $40,000 loss.
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Approximately 40 percent of monies spent on alternative media in the United States was in the category called online/mobile. This category consists of the following, except:
A) lead generation B) product placement C) online display and video ads D) mobile phone ads
In the following diagram, which of the following provides the best interpretation of the multiplicities for the association between the employees and product categories classes?
A. Each product category includes many products. B. Each employee is only authorized to purchase products from a single category. C. Each employee may be assigned to manage many product categories. D. Each product category may be managed by several employees.
Car Zone Announces Top Salesperson You are the vice president of sales for a Car Zone dealership in South Florida . Top sales people are annually recognized with Bronze, Silver, or Gold awards, depending on the level of their sales. Sales people are
recognized at an annual banquet and presented with a certificate. The top sales person for the year is Brandon Spellman. Required: Write an email message to Car Zone employees congratulating all award winners and announcing Brandon Spellman as the top salesperson of the year.
Ms. Rich has just bought a new $30,000 car. As a reasonably safe driver, she believes that there is only a 5% chance of being in an accident in the forthcoming year. If she is involved in an accident, the damage to her new car depends on the severity of the accident. The probability distribution for the range of possible accidents and the corresponding damage amounts (in dollars) are shown in the table below. Ms. Rich is trying to decide whether she is willing to pay $170 each year for collision insurance with a $300 deductible. Note that with this type of insurance, she pays the first $300 in damages if she causes an accident, and the insurance company pays the remainder.
Distribution of Accident Types and Corresponding Damage Amounts Type of AccidentConditional ProbabilityDamage to Car Minor0.60 $200 Moderate0.20 $1,000 Serious0.10 $4,000 Catastrophic0.10 $30,000 Why is there a kink in the line for the "Buy Insurance" line in the above strategy region chart? What will be an ideal response?