The income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Realized loss = Purchase cost - Sales cost
Realized loss = $40,000 - $30,000
Realized loss = $10,000
Hence, the income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Therefore, the Option A is correct.
Missing options includes <em>"William realizes and recognizes loss in the amount of $10,000. William realizes and recognizes zero gain or loss. William realizes loss in the amount of $10,000 but does not recognize that loss. None of the above."</em>
<em />
Read more about income tax
<em>brainly.com/question/1657264</em>
Answer:
<em>An increase in income taxes reduces disposable personal income and thus reduces consumption (but by less than the change in disposable personal income).</em>
Hope it helps!
12 federal reserve banks hope that helps
Answer and explanation:
There is a company that alleges having <em>no management, no bosses </em>or<em> hierarchical organization</em>. Its name is Valve Corporation. This company has estimated equity if $2.5 billion thanks to the development of worldwide-known videogames such as "<em>Half-Life</em>", "<em>Dota 2</em>", and "<em>Left 4 Dead</em>".
Though, former employees of the firm have revealed that there is an inner powerful management structure in the company that has strict guidelines at the moment of hiring and laying off workers.
