Answer:
Peyton's basis in the stock is $60,000
Explanation:
The transaction is a tax- free exchange which means that the transaction is exempt from any income taxation.
To find out the Peyton's basis in the stock we will Subtract the Fair-market value of the transferred property to the Deferred gain.
= 100,000 – 40,000
= $60,000
The short answer is that they are trusted more.
I would pick D.
Answer:
$3,176
Explanation:
Computation of net operating working capital
Using this formula
Net operating working capital=Current assets less ( Current liabilities less Notes payable)
Where,
Current assets=$4,401
Current liabilities =($975+$600+$250=$1,825)
Notes payable =$600
Let plug in the formula
Net operating working capital=$4,401-($1,825-$600)
Net operating working capital=$4,401-$1,225
Net operating working capita=$3,176
Therefore the Net operating working capital or NOWC will be the amount of $3,176
Answer:
True
Explanation:
Labour rate (indirect cost) = $40 per hour
Labour rate (Direct cost) = $22 per hour
The total cost per hour is $40 + $22 = 62
For five hours the total labour cost will be = 62 * 5 = £310
According to the results, Mumbai travel will make a profit of $ 40.