A Transfers Machines Valued at $170,000 (Basis = $150,000)along with $30,000

question 48

Multiple Choice

A transfers machines valued at $170,000 (basis = $150,000) along with $30,000 cash to AB Corporation and B transfers real property valued at $320,000 (basis = $310,000) to the corporation.A receives 40 percent of the outstanding stock and B receives 60 percent.B also receives $20,000 from the corporation.What is B's basis for his AB stock?

• A)$340,000
• B) $320,000
• C)$310,000
• D)$300,000
• E)None of the above

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Definitions:

Organizational Objectives

The specific goals set by a business or institution that guide its operations and strategic direction.

Supply Manager

A professional responsible for overseeing the acquisition of goods and services needed by an organization, ensuring efficiency and cost-effectiveness.

Supply-Chain-Support Strategies

Plans and methodologies implemented to enhance the efficiency, resilience, and effectiveness of the supply chain, ensuring timely delivery of goods and services.

Buying Organization

An entity, typically a company or government agency, that purchases goods and services for its own use or for resale.