Bill decided to incorporate his printing business and to give his manager, charlie, a share in the business. bill's sole proprietorship transferred the following to tom co.: basis value accounts payable $0 $7,000 accounts receivable 0 8,000 printing press 6,000 10,000 truck 24,000 20,000 cash 2,000 2,000 bill received 70 shares of the stock, worth $29,000. charlie invested $2,000 in cash and received the remaining 30 shares of the stock. what are the tax consequences to bill, charlie, and tom co.

Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses.the utilization rate for southeastern=%the efficiency rate for southeastern=%