Water flows through a horizontal pipe. In the first section,…
Water flows through a horizontal pipe. In the first section, the pipe has a cross-sectional area of 0.080 m², the water’s speed is 3.00 m/s, and the pressure is 400 000 Pa. The pipe then narrows to a cross-sectional area of 0.020 m². Assuming the density of water is 1 000 kg/m³, what is the water pressure in the narrow section of the pipe? Hint: Find the speed of the water in the narrow section of the pipe first.
Read DetailsDanielle, Farrah, Colin, and Earl form Magnolia Inc. (a C co…
Danielle, Farrah, Colin, and Earl form Magnolia Inc. (a C corporation). Danielle contributes land and a building used in her business in return for stock worth $40,000. Magnolia also assumes the $60,000 mortgage on these assets. Danielle originally purchased the building for $50,000. Farrah contributes a truck in return for stock worth $5,000 and a $5,000 cash payment. Colin contributes cash for stock worth $40,000. Earl receives stock worth $10,000 in exchange for the performance of services. Shareholder (S/H) Transfer to Corp. FMV Basis to S/H Stock Rec’d (by S/H) Other Prop. Rec’d (by S/H) Danielle Land $30,000 $12,000 $40,000 (debt relief—$60,000) Building $70,000 $38,000 Farrah Truck $10,000 $15,000 $5,000 $5,000 cash Colin Cash $40,000 $40,000 $40,000 None Earl Services n/a n/a $10,000 None All contributed assets were held for multiple years prior to the formation of Magnolia. [question 5 of 5] What is Magnolia’s basis in the truck contributed by Farrah? (again, assume no election is made to reflect any deferred loss in the basis of the truck contributed to Magnolia)
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