An individual donates a piece of land to a corporation in exchange for 100% of the shares, plus $10,000 cash. the individual's basis in the property was $50,000 and the fmv of the land was $100,000. what is the gain if any the individual must recognize. the corporation's basis in the land is?

Which term refers to the cost that motivates an economic decision

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)