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yulyashka [42]
3 years ago
14

Peroni Corporation sold a parcel of land valued at $300,000. Its basis in the land was $250,000. For the land, Peroni received $

150,000 in cash in the current year and a note providing Peroni with $150,000 in the subsequent year. What is Peroni's recognized gain in the current and subsequent year, respectively?
a. $0, $50,000.
b. $10,000, $40,000.
c.$25,000, $25,000.
d. $50,000, $0.
e. None of the choices are correct.
Business
1 answer:
Reptile [31]3 years ago
3 0

Answer:

Correct option is C.

<u>$25,000, $25,000.</u>

Explanation:

Gross profit on sale = (300,000-250,000)/300,000 = 16.67%

Gain recognized in:

Year 1 = 150,000 * 16.67% = 25,000

Year 2 = 150,000 * 16.67% = 25,000

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Hello there,

A detailed description of the money your business makes and expends every month for the first year is called a(n)

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Consider the market for mobile applications, smartphones, and conventional phones. Each pair are they complements or substitutes
madam [21]

Explanation:

Complements and Substitutes are basically the goods or services. Complements are the goods which are used with one another, and with the increase of price of one good, the demand of other good falls. On the other hand, substitutes are the goods which are used in place of other goods and with the increase in the price of one good, the demand of other product increases.

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3 years ago
Bill Blackburn is the new mayor of Oceanside, Washington. He discovered that the city-run utility requires a deposit of $50 from
Serjik [45]

Answer:

<em>Theory of justice </em>

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7 0
3 years ago
Assume that you purchased 140 shares of Misty Company stock for $78 a share, that you received an annual dividend of $1.60 a sha
sergeinik [125]

Answer:

Return  (%)   = 17.43%

Explanation:

T<em>he return on investment is the sum of the dividends earned and capital gains made during the holding period of the investment.</em>

Dividend is the proportion of the profit made by a company which is paid to shareholders.

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.

Therefore, we can can compute the return on the investment as follows:

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Total return in (%) = Return/ cost of shares × 100

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                           = 17.43%

7 0
3 years ago
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