User Account

All Pages

What are the tax consequences to Oriole Corporation

Assignment Help Accounting Basics
Reference no: EM132646800

Problem - Pursuant to a complete liquidation, Oriole Corporation distributes to its shareholders land held for three years as an investment (adjusted basis of $250,000, fair market value of $490,000). The land is subject to a liability of $520,000.

Required -

a. What are the tax consequences to Oriole Corporation on the distribution of the land?

b. If the land is, instead, subject to a liability of $400,000, what are the tax consequences to Oriole on the distribution?

Reference no: EM132646800

Questions Cloud

How is loreal executing the strategy : What are the trends in Consume Packaged Goods (CPG) marketing? What are the cornerstones of L'Oreal's marketing? How is L'Oreal executing the strategy
What amount of gain or loss is recognized by Corporation : What amount of gain or loss is recognized by Mulberry Corporation and by Anar with respect to the distribution of the land
What is the coupon rate : You have just purchased a 15 - year, $1,000 par value US Government bond for $909.20. The yield to maturity on the bond is 8.6%. What is the coupon rate?
What is the correct price for the coupon bond at time zero : The Federal Government 2 - year coupon bond has a face value of $1,000 and pays annual coupons of $33. The next coupon is due in one year.
What are the tax consequences to Oriole Corporation : The land is subject to a liability of $520,000. What are the tax consequences to Oriole Corporation on the distribution of the land
What is the initial cost of the plant-breckenridge corp : Breckenridge Corp. has a debt-equity ratio of .65. The company is considering a new plant that will cost $137 million to build.
How gdss can increase some benefits of collaboration : Explain how GDSS can increase some benefits of collaboration and decision making in groups and eliminate or reduce some losses.
Identify philosophy of program : Complete and post the snapshot (identify philosophy/foundation of program, core practices, 2 studies of the program, who was developer, how widely is it used
What is the correct price for the coupon bond : The Federal Government 2 - year coupon bond has a face value of $1,000 and pays annual coupons of $33. The next coupon is due in one year.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd