Business, 27.11.2019 22:31 rheamorrell
Ed owns investment land with an adjusted basis of $35,000. polly has offered to purchase the land from ed for $175,000 for use in a real estate development. the amount offered by polly is $10,000 in excess of what ed perceives as the fair market value of the land. ed would like to dispose of the land to polly but does not want to incur the tax liability that would result. he identifies an office building with a fair market value of $175,000 that he would like to acquire. polly purchases the office building and then exchanges the office building for ed’s land. a. calculate ed’s realized and recognized gain on the exchange and his basis for the office building. b. calculate polly’s realized and recognized gain on the exchange and her basis in the land. how do you determine if somethng is a recognized gain or loss?
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Business, 22.06.2019 06:30
If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.
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Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?
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Business, 22.06.2019 15:20
Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.
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Business, 22.06.2019 22:20
Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.
Answers: 1
Ed owns investment land with an adjusted basis of $35,000. polly has offered to purchase the land fr...
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