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Allie forms Broadbill Corporation by transferring land (basis of $125,000, fair market value of $775,000), which is subject to a mortgage of $375,000. One month prior to incorporating Broadbill, Allie borrows $100,000 for personal reasons and gives the lender a second mortgage on the land. Broadbill Corporation issues stock worth $300,000 to Allie and assumes the mortgages on the land.
a. What are the tax consequences to Allie and to Broadbill Corporation?
b. How would the tax consequences to Allie differ if she had not borrowed the $100,000
Identify two potential positives and two negatives direct marketing of the poor has on people and their economies. What theory of development is most applicable to the expansion of global markets to poor, low income, and indigenous communities?
Eight-fold Path. In his book, "A Practical Guide for Policy Analysis," Bardach outlines an eight-fold path to policy analysis. Identify the eight steps and write a brief description of each step.
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A certain first-order reaction has a rate constant of 2.30×10−2 at 23 degrees farenheit. What is the value of at 62 degrees farenheit if = Ea=71.0 kJ/mol?
You're carrying a 3.0-m-long, 22 pole to a construction site when you decide to stop for a rest. You place one end of the pole on a fence post and hold the other end of the pole 35 from its tip. How much force must you exert to keep the pole motionle..
Identify a public health emergency that has occurred within the last 10 years in the United States, either natural or deliberate. Provide an example of a responsibility that was required of a public health professional during that emergency.
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