As part of a plan of corporate reorganization, Sally exchanged 1,000 shares of Tone Corporation common stock that she had purchased for $85,000, for 3,000 shares of Fade Corporation voting common stock having an $87,000 FMV. What is the amount and character of Sally's recognized gain and her basis in the Tone stock as a result of the exchange?
What will be an ideal response?
Her realized gain is $2,000 ($87,000 - $85,000). Since no boot is received, her recognized gain is zero. She has an $85,000 basis for her Fade stock. This basis (as well as her holding period) carries over from her Tone stock.
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A. an executive decision-making system B. a management information system C. a decision support system D. a customer relationship management system E. a learning management system
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Indicate whether the statement is true or false
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a. practical capacity. b. theoretical capacity. c. budgeted capacity. d. normal capacity.
Briefly discuss the circumstances which violate an employee's privacy rights?
What will be an ideal response?