ACC 4020 Innovative Education--snaptutorial.com

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ACC 4020 Innovative Education--snaptutorial.com
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ACC 4020 Innovative Education--snaptutorial.com
ACC 4020 Week 2 Assignment 2 Tax Effect For
more classes visit www.snaptutorial.com   Four
years ago Nelson purchased stock in Black
Corporation for 37,000. The stock has a current
value of 5,000. Nelson needs to decide which of
the following alternatives to pursue. Determine
the tax effect of each of the following.
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ACC 4020 Innovative Education--snaptutorial.com
ACC 4020 Week 2 Assignment 3 Capital Structure
For more classes visit www.snaptutorial.com   Jua
n organized Teal Corporation 10 years ago. He
contributed property worth 1 million (basis of
200,000) for 2,000 shares of stock in Teal
(representing 100 ownership). Juan later gave
each of his children, Julie and Rachel, 500
shares of the stock. In the current year, Juan
transfers property worth 400,000 (basis of
150,000) to Teal for 500 more of its shares.
What gain or loss will Juan recognize on the
transfer? Explain.  
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ACC 4020 Innovative Education--snaptutorial.com
ACC 4020 Week 3 Assignment 3 Tax Consequences
For more classes visit www.snaptutorial.com   Ped
ro owns 700 of the 1,000 shares outstanding of
Indigo Corporation (earnings and profits of
950,000). Pedro paid 170 per share for the
stock 12 years ago. The remaining stock in Indigo
is owned by unrelated individuals. What are the
tax consequences to Pedro in the following
independent situations?  
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ACC 4020 Innovative Education--snaptutorial.com
ACC 4020 Week 4 Assignment 2 Pink Corporation
For more classes visit www.snaptutorial.com   Sit
uation 1 Pink Corporation acquired land and
securities in a 351 tax-free exchange in 2011.
on the date of transfer, the land had a basis of
720,000 and a fair market value of 1 million,
and the securities had a basis of 110,000 and a
fair market value of 250,000. Pink Corporation
has two shareholders, Maria and Paul, who are
unrelated. Maria owns 85 of the stock in the
corporation, and Paul owns 15. Pink adopts a
plan of liquidation in 2012. On this date, the
value of the land has decreased to 500,000. What
is the effect of each of the following on Pink
Corporation? Which option should be selected?
Justify.
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ACC 4020 Innovative Education--snaptutorial.com
ACC 4020 Week 4 Assignment 3 Distributions and
Liquidation For more classes visit www.snaptutor
ial.com   ACC 4020 Week 4 Assignment 3
Distributions and Liquidation
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