Rick transferred the following assets and liabilities to War…

Rick transferred the following assets and liabilities to Warbler Corporation.    Adjusted Basis Fair Market  Value       Building $210,000 $225,000 Equipment 45,000 75,000 Trucks 15,000 30,000 Mortgage (held for four years) on building 30,000 30,000 ​ In return, Rick received $75,000 in cash plus 90% of Warbler Corporation’s only class of stock outstanding (fair market value of $225,000).  Discuss all tax consequences to Rick and Warbler.  

Exposure of the patient’s chest reveals a large bruise on th…

Exposure of the patient’s chest reveals a large bruise on the lateral aspect of the right side of the chest. When you palpate the area, the patient yells out in pain and states that he cannot take a deep breath, and you fell crepitus. What condition should you suspect?

Rick transferred the following assets and liabilities to War…

Rick transferred the following assets and liabilities to Warbler Corporation.    Adjusted Basis Fair Market  Value       Building $210,000 $225,000 Equipment 45,000 75,000 Trucks 15,000 30,000 Mortgage (held for four years) on building 30,000 30,000 ​ In return, Rick received $75,000 in cash plus 90% of Warbler Corporation’s only class of stock outstanding (fair market value of $225,000).  Discuss all tax consequences to Rick and Warbler.