Charlotte purchases a residence for $105,000 on april 13, 2006. on july 1, 2017, she marries howard and they use charlotte's house as their principal residence. if they sell their home for $390,000, incurring $20,000 of selling expenses and purchase another residence costing $350,000. which of the following statements is/are correct concerning the sale of their personal residence?
i. if they sell the residence on june 1, 2019, they must recognize a gain of $15,000 on the sale
ii. if they sell the residence on august 1, 2019, they will recognize no gain on the sale.

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld