Roberta and Sally Formed the Alder Corporation on October 1

question 61

Multiple Choice

Roberta and Sally formed the Alder Corporation on October 1, 2015. On the same date, Roberta paid $75,000 cash to Alder Corporation for 1,500 shares of the corporation's common stock. Simultaneously, Sally received 100 shares of Alder Corporation's stock for services rendered. How much should Sally include in her taxable income for 2015, and what will be the basis of her Alder Corporation stock? ​
Taxable Income Basis of Stock

• A)​ ​ ​
• B)​ ​ ​
• C)​ ​ ​
• D)​ ​ ​
• E)None of the above

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Definitions:

Competition

The rivalry between entities to achieve superiority or win a goal or prize.

Primary Emotion

A fundamental feeling that arises spontaneously as a direct response to a situation, such as joy, fear, anger, or sadness.

Anger

A strong feeling of annoyance, displeasure, or hostility triggered by perceived wrong or injustice.

Hocker And Wilmot

Refers to Joyce Hocker and William Wilmot, scholars who have contributed significantly to the study of conflict resolution and interpersonal communication.