The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.
Answer:
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Answer: $1531
Explanation:
The corporation's tax basis in the property received in the exchange will be the addition of Tristan's Tax basis and the gain that's recognized on exchange by Tristan.
The gain realized will be:
= $1,570 - $1,255
= $315
Boot received = $276
Therefore, lower of $315 or $276 is $276.
The corporation's tax basis in the property received will then be:
= $1255 + $276
= $1531
Responsibility means that you accept the potential costs and obligations for the decisions you make. The term "responsibility" describes the duty to carry out specific tasks in order to get specific results. Only humans can be given responsibility by an organization; non-living things like machines, equipment, etc. cannot be given accountability.
It results from a relationship of authority and subordination. A senior has the responsibility to order his subordinates to complete the necessary work. He therefore gives obligations to subordinates for this reason. The management may limit it to the execution of a particular task or may make it a continuing duty.
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