Dave Contributes Land (Adjusted Basis of $30,000; Fair Market Value

question 120

True/False

Dave contributes land (adjusted basis of $30,000; fair market value of $100,000) to Tan, Inc., in exchange for all of its stock. The land is encumbered by a mortgage of $27,000 which Tan assumes. Since the transaction qualifies for nonrecognition treatment under § 351, Tan's adjusted basis for the land is $73,000 ($100,000 - $27,000) and Dave's adjusted basis for the stock is $3,000 ($30,000 - $27,000).

Appreciate the role of publication in scholarly communication.

Understand how identifying audiences for research affects presentation of findings.

Define “house style” and its impact on scholarly publications.

Examine the essential considerations for mentioning participant demographics in research according to ethical standards.

---

Definitions:

Historical

Pertaining to events, situations, or conditions from the past that are studied and considered significant.

Relative

A term describing something in comparison or relation to something else, considering its context or situation.

Engineering

The application of scientific, mathematical, and empirical principles and knowledge to innovate, design, develop, maintain, and improve structures, machines, devices, systems, materials, and processes.

Earnings Per Share

A company's profit divided by its number of common outstanding shares, indicating the portion of a company's profit allocated to each share of stock.