• Tell scenario where the transfer of property to a controlled corporation under Section 351 of the Internal Revenue Code (IRC) results in the taxation to the transferor Speculate as to the reasons that gain treatment in the current year may be preferred to the deferral of gain Provide a tax-planning strategy to prevent taxation of similar transfers
• Section 267 of the IRC disallows a deduction on losses realized on the sale of property and a deduction for accrued expenses between a corporation and a controlling shareholder Generally Accepted Accounting Principles (GAAP) does not include this disallowance provision Explain argument for allowing a loss on a sales transaction between a controlled corporation and shareholder when the transaction includes an independent appraisal and the loss is similar to losses incurred in arm’s length transactions Provide an example of allowing such loss to support your argument

Please explain the above and give examples

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– Read the following scenario:Blue Bird Company is a majorDescriptionSolution downloadThe QuestionRead?the following scenario:Blue Bird Company is a major manufacturer of construction equipment. Over the past several years, Blue Bird has bought component parts from Orange Inc., a small company in the Midwest. Orange charges all customers $55/unit for this part. The variable cost/unit is $25, the allocated overhead is $15, and the mark-up is another $15.The General Manager of Blue Bird thinks that it would be great cost saving measure to buy Orange, and thus convinces the Board of Directors to purchase 100% of Orange?s common stock. After the acquisition, Orange continues to manufacture the component parts and to sell them to the same customers at the same price as before.At the most recent meeting of Blue Bird?s directors, a controversy has started because Orange still charges Blue Bird $55/unit for the part. The directors believe that the part should be sold to their company at cost. Orange Inc. contends that the full price better reflects its profitability, and that the company would be unfairly punished by transferring the part to Blue Bird.Discuss?the following information in your initial post:How does the decision about the transfer price affect consolidated net income?Which transfer price would be easiest for Blue Bird?s accounting department to keep track of? Why?As Blue Bird?s accountant, what price do you recommend? Be sure to fully explain your position.Blue Bird CompanyBlue Bird Company is a major manufacturer of construction equipment. Over the past severalyears, Blue Bird has bought component parts from Orange Inc., a small company in the…

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• Is it important for participation in a mental health court to be voluntary on the part of the offender, or should the prosecutor be able to direct a case to mental health court?
• What are some of the unintended negative consequences of having one’s case diverted through a mental health court as opposed to normal processing in criminal court? For instance, it might be possible that having a “mental health” issue on record could prevent the offender from applying for certain jobs in the future. What other negative effects might result?
• Clearly, a serious mental disorder such as schizophrenia would justify the special treatment accorded by mental health courts and treatment programs. What other conditions should be included in this protocol? For instance, should drug addiction be considered a “mental illness” for the purposes of determining whether to divert a criminal case to mental health court?
• Last, is it fair to the victim of the crime to have the case diverted away from traditional trial and punishment? Should the victim have input into the decision to divert a case?

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Please help! I’ll rate!The first blank is either competitive market/monopolySecond blank is either monopoly/competitive market

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