Answer:
$90,000
Explanation:
When we calculate GDP, its not included the value of the resale product because the value of the original product(house) already included in the year. Reselling item and commission added in GDP. Because Dealer gets commission for his service and this is like his income.
Included Amount in GDP = Sale Price × Agent Commission
= $1,500,000 × 6%
= $90,000
2020, GDP will increase by = $90,000
Answer:
obtaining a low interest rate on a loan
Explanation:
Answer: $50,000
Explanation:
Based on the scenario in the question, Jocelyn's basis in the property contributed will be:
Land = $60,000
Inventory = $5,000
Total = $65,000
We are told that the exchange is tax-free, hence, Jocelyn has income of $0.
Therefore, Jocelyn’s basis in Zion’s Corporation stock will be her original basis in property contributed which is $65,000 plus the gain of $0 and then we deduct the liability that was assumed by the corporation which $15,000. This will now be:
= $65,000 + 0 - $15,000
=$50,000
Answer:
Hey
Explanation:
Thanks so much.............
Answer:
Current liabilities at December 31, 2014 for Irkalla;
$200,000 + $100,000 + $2,000,000 + $1,000,000 = $3,300,000.
Method of reasoning: Accounts payable-exchange and Short-term borrowings consistently fall under "Current Liabilities". Development for Other bank advance has not explicitly given (for example develops June 30, 20 × 5), so we accept it to develop on June 30, 2015. Since development is expected inside 1 year, it additionally falls under current risk as term is just a single year. On the bank credit of $2,000,000, Irkella has damaged the terms, so now this advance is likewise required to be paid off soon and thus it additionally now goes under "Current Liabilities"
