Answer:
i. $40,000
ii. $410,000
iii. 180 days after July 12, 2015
Explanation:
i. The taxpayer's recognized gain is $40,000 ($450,000 -$410,000). The cost of the new office - the amount received from the insurance company.
ii. The taxpayer's basis for the new office is the cost of purchasing the new office building which is $410,000.
iii. Taxpayers can qualify for deferral treatment if they reinvest proceeds into a QOF (Qualified Opportunity Funds) within 180 days of receiving the gain. Because the new office was purchased on July 12, this is the applicable date.
There are six specific categories of OSHA violations, each of which carries either a recommended or a mandatory penalty. These violations include: <span>
<em>
-De Minimis Violations</em>
<em>-Other-than-Serious Violations.</em>
<em>-Serious Violations</em>
<em>-Willful Violations</em>
<em>-Repeated Violation</em>
<span>
<em>-Failure to Abate Prior Violation</em>
I hope this helped!! Have an amazing day :D</span></span>
<span>A petition that, if signed by a majority of the members of the House of Representatives, will pry a bill from committee and bring it to the floor for consideration.
A discharge petition!</span>
Answer:
B. First-in, first-out (FIFO)
Explanation:
Inventory costing method: A method of approximating the flow of inventory costs in a business that is used to determine the amount of cost of goods sold and ending merchandise inventory.
First-in, First-out (FIFO) Method: It is one of the inventory valuation methods to estimate the value of inventory at the end of the accounting period. This method assumes that the goods which are first, these are the one which will be also sold first. This method is also helpful for the business to determine the cost of goods sold during the period.
