Tom and George Form Swan Corporation with the Following Investments

question 44

Multiple Choice

Tom and George form Swan Corporation with the following investments: Tom transfers machinery worth $100,000 (basis of $40,000) ,while George transfers land worth $90,000 (basis of $20,000) and services rendered in organizing the corporation worth $10,000.Each is issued 25 shares in Swan Corporation.With respect to the transfers:

• A)Tom has no recognized gain; George recognizes gain of $80,000.
• B)Neither Tom nor George recognizes gain.
• C)Swan Corporation has a basis of $30,000 in the land.
• D)George has a basis of $30,000 in the shares of Swan Corporation.
• E)None of the above.

Recognize the role of risk factors in child development and the concept of familism.

Grasp the benefits of high-quality child-care programs on children from low socioeconomic backgrounds.

Understand the impact of maternal factors on child development.

Understand the historical and theoretical perspectives on child development.

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Definitions:

Industrial Organizations

A field of economics dealing with the strategic behaviors of firms, market competition, antitrust laws, and the regulation of industries to promote competition and economic efficiency.

Union Members

Individuals who belong to a labor union, which is an organization that represents workers in negotiations with employers regarding wages, work conditions, and other employment-related issues.

Affiliated

Connected or associated with another entity or organization, often through ownership or partnership.

Noncompeting Groups

Segments of the labor market where workers do not compete with each other for jobs due to differences in skills, geographies, or job functions.