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Crank
4 years ago
10

Fran was transferred from Phoenix to Atlanta She sold her Phoenix residence (adjusted basis of $250,000) for a realized gain of

$50,000 and purchased a new residence in Atlanta for $375,000 Fran had owned and lived in the Phoenic residence for 6 years What is Fran's recognized gain or loss on the sale of the Phoenix residence and her basis for the residence in Atlanta?
A. $0 recognized gain/loss; $375,000 basis
B. $0 recognized gain/loss $425,000 basis
C. ($50,000) recognized loss; $325 000 basis
D. ($50,000) recognized loss; $375,000 basis

Business
1 answer:
Vedmedyk [2.9K]4 years ago
8 0

Answer:

A. $0 recognized gain/loss; $375,000 basis

Explanation:

Please see attachment.

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Business incubators assist established companies attempting to generate foreign sales. This statement is false.

<h3>What is Business?</h3>
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<h3>What do you mean by the company?</h3>
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7 0
2 years ago
Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is participating in __________
Slav-nsk [51]

Answer:

The factor market

Explanation:

The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.

3 0
3 years ago
According to an article in the Wall Street Journal​, KB Home and other builders found demand for new houses increasing in 2017 a
Nadusha1986 [10]

Answer:

Generally speaking, demographic growth can affect the economy quite a lot, but the economy has a very little effect on demographic growth. E.g. the baby boomers were great for the economy during several decades, but there is no clear relationship between population growth and economic activity.

This means that companies like home builders whose demand depends on other factors besides the economy, will be less affected by economic recessions or expansions. E.g. the demographic growth in America was around 0.7% during 2019 and the economy was growing that year.

Actually, the US population has been declining over the last decades. The real growth factor in population has been immigration in the last decades, and that has also been declining lately.

7 0
3 years ago
On December 31, 2020, McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2021. On J
icang [17]

Answer:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

Explanation:

Calculation to Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet.

Hattie McDaniel Company

Partial Balance Sheet

December 31, 2017

CURRENT LIABILITIES

Notes Payable 250,000

($1,200,000-$950,000)

LONG-TERM DEBT

Notes Payable 950,000

Therefore how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet is:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

4 0
3 years ago
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choli [55]

When the current output is more than the potential output the fed is likely to enact decreasing reserves to increase interest rates.

The reason why they would have to do this is based on the fact that when the actual output in the economy is more than the potential output, It means that there is an inflationary gap.

In order to close this gap, the fed would have to reduce the aggregate demand, thereby raising the rate of interest. This would in turn lead to the fall in consumption and fall in saving.

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7 0
3 years ago
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