The primary requirement of a Type A reorganization under IRC 368 is: a. A statutory merger or consolidation b. 100% of consideration consistis of equity c. 100% of consideration consistis of cash d. No continuity of the business enterprise

Identify the strengths and weaknesses of each term and their impact. Terms: Financial accounting system, Termination policies, and legal principles

How fill Form 1120 Corporations with this info: (it's a fake company) For learning purposes only The OMS Staff Solutions II company is a for-profit company registered as a corporation, with employer social security number 26-3029054, incorporated on January 2, 1994. The address of this company is 960 Amick Loop, Lakeland, Fl 33815. According to the company's books, there were the following items both at the beginning of the taxable year and at the end.                                                                                                                                Balance at the end of the year Dec. 31 2021Sales                                                                                   $5,500,000Salaries, commissions and bonuses to employees             900,000Federal Social Security                                                       620,000Medical insurance                                                               20,000Insurance…

On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 29,500 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30. July 10 Paid the $3 cash dividend. Dec. 1 Issued 1,000 additional shares of common stock for $18 per share. 15 Declared a cash dividend on outstanding shares of $4.90 per share to stockholders of record on December 31. (a) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)