Corporations - Organization, Capital Structure, & Operating Rules - Ch09

Corporations - Organization, Capital Structure, & Operating Rules - Ch09

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Unformatted text preview: CHAPTER 9 CORPORATIONS: ORGANIZATION, CAPITAL STRUCTURE, AND OPERATING RULES SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Issue recognition Unchanged 1 2 Entity classification Unchanged 2 3 Tax effect of NOL: corporation versus Modified 3 proprietorship 4 Tax treatment of distributions from New proprietorship and corporation 5 Corporation net income taxation, cash Modified 5 distribution to owner versus proprietorship with cash distribution 6 Issue recognition Unchanged 6 7 Formation of corporation; gain or loss on New transfer; transfer of property; basis 8 Formation of corporation; gain or loss on Unchanged 8 transfers of property, services, liabilities; basis 9 Formation of corporation with transfer of New property from several shareholders at different times 10 Transfer of property to a corporation after Unchanged 10 date of formation of corporation 11 Issue recognition Unchanged `11 12 Transfer of property and services for stock Unchanged 12 13 Subsequent transfers to corporation Modified 13 14 Formation of corporation; transfer Unchanged 14 of services for stock 15 Formation of corporation; transfer of Unchanged 15 services for stock 16 Stock received for services rendered Unchanged 16 17 Property subject to liability in excess Unchanged 17 of basis transferred to corporation for stock 18 Issue recognition Unchanged 18 Status: Q/P 9-1 9-2 2003 Entities Volume/Solutions Manual Question/ Present in Prior Problem Topic Edition Edition 19 Shareholder liabilities assumed by Unchanged 19 corporation in excess of basis of assets transferred 20 Issue recognition Unchanged 20 21 Shareholder liabilities assumed by New corporation; liabilities in excess of basis 22 Ethics problem Unchanged 22 23 Stock received for services rendered Unchanged 23 24 Stock received for services rendered Unchanged 24 25 Depreciation recapture in a 351 transfer Unchanged 25 26 Contribution to corporation by nonshareholder New 27 Investor losses; business versus nonbusiness Unchanged 27 bad debts 28 Dividends received deduction Unchanged 28 29 Organizational expenses Unchanged 29 30 Organizational expenses Modified 30 31 Determine corporate income tax liability Unchanged 31 32 Related corporations Unchanged 32 33 Related corporations Unchanged 33 34 Brother-sister controlled group Modified 34 35 Related corporations Unchanged 35 36 Filing requirements for Form 1120-A Unchanged 36 37 Schedule M-1, Form 1120 Unchanged 37 38 Schedule M-1, Form 1120 Unchanged 38 39 Issue recognition Unchanged 39 Comprehensive Tax Return Problem 40 Prepare Form 1120 New Bridge Discipline Problem 1 Tax treatment of corporation and partnership Modified 1 2 Income tax and deferred tax liability Unchanged 2 Research Problem 1 Reasonable compensation: independent New investor test 2 Charitable contribution Unchanged 2 3 Liabilities in excess of basis on corporate Unchanged 3 formation: effect of transfer of note by property transferor 4 Internet activity Unchanged 4 Corporations: Organization, Capital Structure, and Operating Rules 9-3 5 Internet activity Unchanged 5 9-4...
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This note was uploaded on 01/24/2010 for the course ACCT 44 taught by Professor Smithysmith during the Spring '10 term at DeVry Chicago.

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Corporations - Organization, Capital Structure, & Operating Rules - Ch09

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