The answer would be C.
Lucky guess :)
Answer:
$75,000 recognised gain
Explanation:
Indigo corporation wants to transfer $150,000 in cash or property to one of its shareholders Linda
Property A has a basis of $75,000
Property B has a basis of $195,000
Therefore the recognized gain or loss of property A is distributed in redemption of Linda's share can be calculated as follows
= fair market value - basis
= $150,000-$75,000
= $75,000 recognised gain
Hence indigo's recognised gain if it distributes property A in redemption of Linda's share is $75,000
Answer:
Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. ... Work opportunities for a financial accountant can be found in both the public and private sectors.
Amount of money deposited in the two accounts is 80% of 7500$.
Amount of money in the two accounts = 0.8 * 7500 = 6000$
Now assume that the amount deposited in CD account is m and the amount deposited in the saving bond is n.
m + n = 6000
Therefore: m = 6000 - n ................> equation I
Now we write another equation expressing the savings:
0.04m + 0.07n = 360 ............> equation II
Substitute with equation I in equation II:
0.04 (6000-n) + 0.07n = 360
240 - 0.04n + 0.07n = 360
0.03n = 120
n = 4000 $
Substitute with n in equation I to get the value of m as follows:
m = 6000 - n = 6000 - 4000 = 2000
Based on these calculations:
The amount of money deposited in the CD = 2000$
The amount of money deposited in the saving account = 4000$
Answer:
2. Brett is a farmer with an open field on which he can plant either soybeans or corn.
Explanation:
Scarcity in economics means the resources available to meet man's needs are limited or scarce.
In brett's case, land is limited, so he has to choose between planting soybeans and corn.
I hope my answer helps you
