Answer:
The answers are:
- Jerry must recognize $0 of gain on the transfer of the rental house
- Sally's tax basis is $80,000
Explanation:
Capital gains taxes are usually excluded when you sell a house or transfer the house in a divorce settlement. The exclusion is up to $250,000 of capital gains.
Since Sally didn't buy the house, but received it as part of their divorce settlement from Jerry, the same cost basis will apply to Sally.
There has been a study that has conducted of hazing should
be a part or not in organizations with the greek students. Almost all of the
people that have surveyed and participated had agreed to have hazing as not a
part of the organizations which led to a result of 79.4%, while the remaining
12.8% has agreed that hazing is an essential part of the organization.
Answer:
The correct answer is B
Explanation:
MNCs stands for the Multinational Corporations, which took the investment projects in the foreign country, knowing the fact that the local firms have inherent advantages. This means that the MNCs also have the significant benefits over the local firms like they have the comparative benefits because of the intangible assets as the intangible assets contributes value in the business.
Answer:
1. $20,000.
Explanation:
unrealized holding loss = Aggregate cost - Aggregate fair value
= 180,000 - 160,000
= ($20,000) Loss
Therefore, The amount that Valet should report in its 2018 income statement for unrealized holding loss is $20,000.
Based on the information given the current ratio is:1.4.
<h3>Current ratio</h3>
Using this formula
Current ratio=Current assets/Current liabilites
Where:
Current assets=$191,800
Current liabilities=$137,000
Let plug in the formula
Current ratio=$191,800/$137,000
Current ratio = 1.4
Inconclusion the current ratio is:1.4.
Learn more about current ratio here:brainly.com/question/2686492