WebOn January 1, Martinez Corp. lent $36,000 to Tamarisk Ltd., accepting Tamarisk's $47,916, three-year, zero-interest-bearing note. The implied interest is 10%. (a) Prepare Martinez's journal entries for the initial transaction, recognition of interest each year assuming use of the effective interest method, and the collection of $47,916 at maturity. Webkathy and carl formed a corporation by each contributing an asset with a FMV of 50,000 for half of the stock in the corporation. Prior to the transfer Kathy had an adjusted basis of 40000 in her asset and carl had an adjusted basis of 60000 in his asset. G what would the corporations recognized gain/loss be if it sold her asset for 50000
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WebApr 26, 2024 · A Corporation is a legal entity that exists completely separate from its officers, directors and employees. It is typically composed of natural persons that hold … WebDec 18, 2024 · An S corporation must not consist of more than 100 shareholders. To be eligible for ownership, one must be a natural individual holding a U.S. passport or be an American resident. This means that artificial entities such as trusts and other corporations are not entitled to ownership of stock in such a company. candyred14 gmail.com
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Web1 day ago · Calgary, Alberta–(Newsfile Corp. – April 13, 2024) – Baytex Energy Corp. () (“Baytex”) is pleased to announce the pricing and upsize to US$800 million of its previously announced private offering (the “offering”) of senior unsecured notes due 2030 (the “Notes”).The Notes will bear interest at a rate of 8.5% per annum and mature on April 30, … WebApr 11, 2024 · Saratoga Investment Corp. Prices Public Offering of $50.0 Million 8.50% Notes Due 2028 . NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment … WebJul 8, 2024 · The injury, in that case, is to the subsidiary, not Corporation A, and Corporation A would not be entitled to any damages. Therefore, Corporation A does not have a valid cause of action and lacks standing to bring this lawsuit. Capacity issues for non-qualified foreign corporations and suspended corporations candy recipes using kix cereal