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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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<span>a volcanic island forms and subsides</span>
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Which of the following is false regarding the FIFO inventory method?
puteri [66]

Answer: All of the other answer choices are true.

Explanation:

FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.

The following are true regarding the FIFO method:

• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.

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A broker-dealer is physically located and registered in State A. The broker-dealer has an existing client in State A who is a st
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Answer:

D) The broker-dealer must be registered in State B in order to contact the client while she is in medical school in State B

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If the client would have only gone to state B for a few months, then the broker could have still worked with her without registering in state B since the client could be considered on a vacation trip.

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Future expectations about price, can be a demand and supply shifter.

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conservationists tend to believe that resources should be saved because they are important for a strong economic system.
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