ABC​ Corporation​​ ​​ (​​ ABC​​ )owns​​ 90% of the single class of stock in Subsidiary Corporation​ .​ The​​ other​​ 10% is owned​ by​ ​​ Rosie​​ ,​ an​​ individual.​​ ABC's basis in its Subsidiary​ ​ stock​​ is​​ $​​ 200,000​ and​​​ Rosie's​ basis​​ is​​ $90,000. Subsidiary distributes property A having an​ adjusted​ basis​​ of​​ $150,000 and​ an​ FMV​​ of​​ $720,000​ to​​ ABC​​ , and property B with a​ FMV​ of​​ ​​ $80,000 and an​ adjusted​ basis​​ of​​ $60,000 to Rosie in a liquidating distribution.​ ​ Subsidiary​​ had​​ $10 million of earnings and profits at the date of liquidation. What basis do ABC and Rosie have in the property received in the liquidating​ distribution​ ?

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

Which two of the following are benefits of consumer programs

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots