Corporation W owns 100% of the common stock of Corporation Z with a basis of $300. Z owns a rental building (its only asset) with a gross fair market value of $3,000, subject to a non-recourse mortgage of $1,200. Z’s adjusted basis for this building is $900. Z has $600 of E&P. Z is on the accrual method of accounting and reports on the calendar year. Z and W do not report on a consolidated basis. Z distributes the building to W in complete liquidation and W sells the building to Corporation V for $1,800 cash, subject to the debt. Same facts as above, except that W sells the Z stock to V for $1,800 cash instead of selling the building following a liquidation.
a. V should make a Section 338 election as a normal procedure in order to obtain a cost basis in the Z assets.
b. V should make a Section 338 election because of the tax under 338 on the hypothetical sale unless Z has losses.
c. V should make a 338 election if it is an S Corporation.
d. None of the above.
In: Accounting
Falling Bodies. In the simplest model of the motion of a falling body, the velocity increases in proportion to the increase in the time that the body has been falling. If the velocity is given in feet per second, measurements show the constant of proportionality is approximately
32. a) A ball is falling at a velocity of 40 feet/sec after 1 second. How fast is it falling after 3 seconds?
b) Express the change in the ball’s velocity ∆v as a linear function of the change in time ∆t.
c) Express v as a linear function of t. The model can be expanded to keep track of the distance that the body has fallen. If the distance d is measured in feet, the units of d ′ are feet per second; in fact, d ′ = v. So the model describing the motion of the body is given by the rate equations d ′ = v feet per second; v ′ = 32 feet per second per second.
d) At what rate is the distance increasing after 1 second? After 2 seconds? After 3 seconds?
e) Is d a linear function of t? Explain your answer.
In: Physics
Question:
An airplane experiences a uniform circular motion. The airplane has an initial velocity of \( \vec v \) = [0.500, 0.330] km/s. Two minutes later, the velocity of the airplane is \( - \vec v \). What centripetal acceleration does the pilot experience?
In: Physics
Balance the following chemical reaction by the half reaction by the half reaction method under both acidic and basic conditions. What was oxidized and what was reduced?
IrO3 + V(OH)4+2 → Ir(OH)5+3 + V+2
In: Chemistry
Watch the following video about the way the field of physics can be separated into subfields: https://www.youtube.com/watch?v=ZihywtixUYo Write a 5-7 sentence reflection on the information presented in the video.
link: https://www.youtube.com/watch?v=ZihywtixUYo
In: Physics
A North American tourist takes his 25.0-W, 120-V AC razor to Europe, finds a special plug adapter, and plugs it into 240 V AC. Assuming constant resistance, what power does the razor consume as it is ruined?
In: Physics
Capacitor C1 = 10.0 micro F is connected in series to parallel combination of capacitors C2=7.0 microF and C3=7.5 microF. This circuit is connected to a battery delivering V=13.0 V. Find energy stored in capacitor C3 in microJ.
In: Physics
Consider the following cell at 277 K:
Fe | Fe2+ (0.567) || Cd2+ (1.063) | Cd
which has a standard cell potential of 0.0400 V. What will be the potential of the cell be when [Fe2+] changes by 0.305 M?
The answer is 0.0383 V
In: Chemistry
Using the inner product on 〈p, q〉 = ∫(0 to1) p(x)q(x)dx on P2, write v as the sum of a vector in U and a
vector in U⊥, where v=x^2, U =span{x+1,9x−5}.
In: Advanced Math
Determine the magnitude of polarization (in C/m2) in a material if it is stressed 4.72 GPa perpendicular to the poling axis. (Answer format X.XXX)
d3,1 = 187 x 10-12 m/V
d3,3 = 219 x 10-12 m/V
In: Electrical Engineering