Answer:
Nicolas has a $75000 § 1231 gain
ordinary gain = $35,000
Explanation:
Data provided in the question:
Cost of the land = $8,000
Cost of timber = $250,000
Appraised value of timber = $325,000
Selling cost of the timber = $360,000
Now,
Gain = Appraised value of Timber - Adjusted basis
or
$325,000 - $250,000
= $75,000
Thus,
Ordinary gain = Selling price - Appraised value of Timber
Ordinary gain = $360,000 - $325,000
= $35,000
Therefore,
Nicolas has a $75000 § 1231 gain
ordinary gain = $35,000
where are the statements?
Answer:
The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. ... Both banks and credit unions provide similar services such as checking and savings accounts, loans and business accounts.
Explanation:
Answer:Debt equity ratio= 0.92
Explanation:
Debt equity ratio is a company's liquidity ratio that compares its total debt to total equity showing how the proportion of the finance of the company proceeds from its creditors and investors.
its formulae is given by
Debt equity ratio= Total liabilities /Total shareholder's equity
= Debt/ total asset - debt
let the total asset = 100% = 1
Therefore,
Debt equity ratio=Debt/ total asset - debt
= 0.48/ 1 -0.48 = 0.48 /0.52 = 0.9231
