Andre formed a corporation and owns all the stock. He contributed property with a FMV of $10,000 and a basis of $7,000 and he received $1,000 cash from the corporation. Andre's taxable gain is:
A. $10,000.
B. $1,000.
C. $3,000.
D. $0.
Answer: B
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The Marino Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $950,000 during 2018 and $1,045,000 during 2019.
The prior service cost amortization each year was $290,000. The contribution to the pension plan was $1,500,000 on December 31, 2018 and $1,800,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets was 10%. The actual return on plan assets was 9.5%. Retirement benefits pertaining to years of service prior to 2018 were granted to the employees. The prior service cost is being amortized over the remaining ten-year life of the employees. What is the balance of the projected benefit obligation as of December 31, 2019? A. $2,575,000 B. $5,599,000 C. $2,090,000 D. $4,895,000
A(n) _____ is an activity that the system executes in response to a user.
A. use case B. class C. interaction D. state
A breach of media ethics usually has little impact on the reputation of the medium or the journalist involved in the incident
Indicate whether the statement is true or false
The best way to reduce your anxiety about public speaking is to
a. hold tightly to the podium while speaking. b. pretend there is no one in the audience. c. be prepared. d. all of these choices.