Norman transfers machinery that has a $75,000 basis and a $135,000 FMV to Elnor Corporation in exchange for 50 shares of Elnor stock. The machinery, purchased 4 years ago and used in Norman's business, originally cost him $150,000 (Norman has taken $75,000 in depreciation deductions prior to the exchange) and is subject to an $84,000 liability, which Elnor Corporation assumes. Kate exchanges $51,000 cash for the remaining 50 shares of Elnor stock. Required:
a. What are the amount and character of Norman’s recognized gain or loss?
b. What is Norman’s basis in his Elnor stock?
c. What is Elnor’s basis in the machinery?
d. What are the amount and character of Nancy’s recognized gain or loss?
e. What is Nancy’s basis in her Elnor stock?
f. When do Norman and Nancy’s holding periods for their stock begin?
g. Would your answers to parts (a) through (f) change if Nancy provided $97,000 of services and $5,000 in cash instead of $102,000 cash in exchange for the stock? If so, redo parts (a) through (f) to reflect this.

igneous rocks also form where plates converge. the subducting plate melts as it sinks into the crust of the earth, and the melt rises into the overriding plate forming volcanoes. metamorphic rocks are formed mainly in the lithosphere, wherever there is high pressure and high temperature. -woods

note: the given question is incomplete.

complete question is given below.

which is an example of kinetic energy?

a. the energy stored in ethanol  

b. a hockey puck sliding across the ice  

c. a compressed spring  

d. a ball sitting at the top of a ramp

solution: the kinetic energy is the energy posses by the virtue of the motion of the object.

in the given options, a, c and d are the example of potential energy because it is the energy posses by the virtue of the rest of the object. but option b has the kinetic energy as the object is in motion.

hence, a hockey puck sliding across the ice   is the apex example of kinetic energy.

so, the option (b) a hockey puck sliding across the ice   is the correct option.

bacteria that live on the ocean floor are sustained by phytoplankton. phytoplankton, microscopic marine photosynthetic organisms, have a vastly significant role to play not only in the marine food web of which they’re part of, but also on a more global scale. despite their infinitely small size in comparison to other marine organisms, these tiny creatures occupy an immensely important ecological niche: they are the foundation of the marine food web, and as primary producers, play key roles in supporting all other organisms in the marine environment, as well as in the regulation of the earth’s climate through the sequestration of carbon, oxygen production, and other related processes. phytoplankton account for roughly half of all global primary productivity; therefore, their significance extends far beyond the marine environment alone. there is an intriguing sense of irony in the realization that these tiny living beings that often live out their existence unnoticed and undetected by the rest of the world, have such a far-reaching impact on the lives of virtually all other living organisms on the planet, particularly on those in the marine environment. the world that we have become accustomed to has been and is continuously shaped by the workings of these miniscule yet vital “plants of the sea”.

hope this !

answercollision;