Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Assignment ID: FG132480884
However, at this point, David is undecided about what he will do. Emily receives 200 shares of Transformation stock in exchange for the transfer of the following sole proprietorship assets to the new corporation as follows:
Adjusted Basis Fair Market Value
Accounts receivable $ 50,000 400,000 1,550,000
Building $2,000,000 $ -0-
Proprietary information-app 100,000 300,000 $400,000
Ethan will contribute $48 million of cash for 4,800 shares of Transformation stock.
Question 1: What will be the tax and nontax implications relating to the formation of Transformation, Inc.