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guapka [62]
3 years ago
8

On october 1, 2014, donald anderson exchanged an apartment building having an adjusted basis of $375,000 and subject to a mortga

ge of $100,000 for $25,000 cash and another apartment building with a fair market value of $550,000 and subject to a mortgage of $125,000. the property transfers were made subject to the outstanding mortgages. what amount of gain should anderson recognize in his tax return for 2014?
a. $0
b. $25,000
c. $125,000
d. $175,000
Business
1 answer:
lord [1]3 years ago
4 0
Ya yeet. i really like this question you did a really swell fly guy job!!!!!!!
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Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo
Keith_Richards [23]

Answer:

See below

Explanation:

Silver Enterprises

Post Manager Balance sheet

Current assets

$11,480

Other assets

$3,120

Goodwill

$6,790

Net fixed assets

$21,890

Current liabilities

$6,940

Longterm debt

$17,130

Equity

$18,650

Current assets = $9,200 + $2,280 = $11,480

Other assets = $2,300 + $820 = $3,120

Current liabilities = $4,960 + $1,980 = $6,940

Net fixed assets = $16,500 + $5,390 = $21,890

Long term debt = $4,390 + $12,740 = $17,130

Equity = $18,650

8 0
3 years ago
A data warehouse is one or more very large databases containing both detailed and summarized data for a number of years and from
navik [9.2K]

Answer:

True

Explanation:

Data warehouse involves combining different data/ information which is heterogeneous from various sources in order to have a comprehensive/large data base, it usually involves analytical reporting as well as decision making. For instance customer information from the point of sales system of the firm can be found in the database.

It should be noted that data warehouse is one or more very large databases containing both detailed and summarized data for a number of years and from numerous sources used for analysis rather than transaction processing.

8 0
3 years ago
An evaluation of the effectiveness and efficiency of various systems within an organization is called a(n) _____ audit.
agasfer [191]

Answer:

(B) Management

Explanation:

Management audits are a means of evaluating the effectiveness and efficiency of various systems within an organization, showing how well the management is deploying and applying its strategies in the interests of shareholders, employees, and the organization's reputation.

7 0
4 years ago
If I read 12 pages in 15 minutes how many pages while I read in two hours
N76 [4]

Answer:

96 pages in two hours

Explanation:

You can read 48 pages in 1 hour because 15 x 4 is 60, and 12 x 4 is 48. So you just double 48 and you get 96.

3 0
3 years ago
Read 2 more answers
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $33 per pound and costs $28 pe
Lyrx [107]

Answer:

Differential cost of producing Product C = $0

Explanation:

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  </em>

<em>Also note that all cost incurred up to the split-off point (the cost of crushing) are irrelevant to the decision to process further .  </em>

                                                                                                   $

Sales revenue after the split off point (Product C)                    58

Sales revenue at the split-off point  (Product B                        <u> 33</u>

Additional sales revenue per unit                                              25

Further processing cost                                                            <u>  (25)</u>

Differential cost of Product C                                                       <u>  0</u>

Differential cost of producing Product C = $0

<em> Note that the cost incurred up until the split off point was not included because it is Irrelevant to the decision to process further. It has already been incurred , hence it is a sunk cost</em>

6 0
3 years ago
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