HURRY!!!!!!!!!!!!!!!!!!!!!

Tab exchanges real estate used in his business along with stock for real estate to be held for investment. The stock transferred

sergeinik [125]

Answer:

Tab's realized gain = $110,000

Recognized gain = $5,000

The basis of the newly acquired real estate = $135,000

Explanation:

Data provided in the question:

The stock transferred has an adjusted basis = $45,000

Fair market value of stock = $50,000

The real estate transferred has an adjusted basis = $85,000

Fair market value of real estate transferred = $190,000

Fair market value real estate acquired = $240,000

Now,

Tab's realized gain

= Fair market value - adjusted basis of real estate transferred - adjusted basis of stock transferred

= $240,000 - $85,000 - $45,000

= $110,000

Recognized gain

= Fair market value of stock - Adjusted basis of stock transferred

= $50,000 - $45,000

= $5,000

The basis of the newly acquired real estate

= Fair market value real estate acquired - Deferred gain

also,

Deferred gain = realized gain - Recognized gain

= $110,000 - $5,000

= $105,000

thus,

The basis of the newly acquired real estate

= $240,000 - $105,000

= $135,000

6 0

3 years ago

Red Star Copy Service processes 2,100,000 photocopies per month at its service center. Approximately 50 percent of the photocopi

Andrews [41]

Answer:

A. The total costs of collating 500,000 per month With student help is $900

The total costs of collating 1,700,000 per month With student help is $3,060

The Total costs of collating 500,000 per month With the collating machine is $1,575

The Total costs of collating 1,700,000 per month With the collating machine is $1,635

B. The monthly volume at which the automatic process becomes preferable to the manual process is 885,714

Explanation:

A. In order to calculate the total costs of collating 500,000 and 1,700,000 per month With student help we would have to make the following calculations:

total costs of collating 500,000 per month With student help=(number of copies to be collating/average of copies per hour)*price per hour

total costs of collating 500,000 per month With student help=(500,000/5,000)$9

total costs of collating 500,000 per month With student help=$900

total costs of collating 1,700,000 per month With student help=(1,700,000/5,000)*$9

total costs of collating 1,700,000 per month With student help=$3,060

In order to calculate the total costs of collating 500,000 and 1,700,000 per month With the collating machine we would have to make the following calculations:

total costs of collating 500,000 per month With the collating machine= lease and operating costs+(number of copies to be collating/units collated)*additional price

Total costs of collating 500,000 per month With the collating machine= $1,550+(500,000/1,000)*$0.05

Total costs of collating 500,000 per month With the collating machine= $1,575

Total costs of collating 1,700,000 per month With the collating machine= $1,550+( 1,700,000/1,000)*$0.05

Total costs of collating 1,700,000 per month With the collating machine= $1,635

B. In order to calculate the monthly volume at which the automatic process becomes preferable to the manual process we would have to use the following formula:

the monthly volume at which the automatic process becomes preferable to the manual process is cost with students help=cost with collating machine

Therefore, (x/5,000)*$9=$1,550+(x/1,000)*$0.05

$8,750x=$7,750,000,000

x=885,714

The monthly volume at which the automatic process becomes preferable to the manual process is 885,714

4 0

3 years ago

Lisa Smith has her age listed on her driver's license as being three years younger than it actually is. This is also how old she

Pani-rosa [81]

Answer:

Misstatement of age

Explanation:

Based on the information provided within this question it can be said that the term that describes what is happening in this situation would be Misstatement of Age. Like mentioned in the question this is a provision in many life insurance policies which adjusts the individuals premium to the actual price based on their age if there was an error with the individuals age in the policy. Which is exactly what has happened to Lisa Smith.

If you have any more questions feel free to ask away at Brainly

6 0

3 years ago

Sheffield Corporation has outstanding 1,800 $1,000 bonds, each convertible into 40 shares of $10 par value common stock. The bon

alekssr [168]

Answer and Explanation:

The Journal entry is shown below:-

Bonds payable Dr, $1,800,000

(1,800 × $1,000)

To Discount on bonds payable $30,000

To Common stock $720,000

(1,800 × 40 × $10)

To Paid-in-capital in excess of par $1,050,000

(Being conversion of bond into common stock is recorded)

Therefore for recording the conversion using the book value approach we simply debited the bonds payable and credited the discount on bonds payable, common stock and paid-in-capital in excess of par.

5 0

3 years ago

Which of the following practices would indicate that an employer is trying to overcome a moral-hazard problem with his employees

dsp73

Answer:b) the employer pays his employees year end bonus according to how the business does and his observation of the employees efforts

Explanation: The best payment system to overcome moral- hazard problem by employers is to pay by piece rates.

Piece rates or payment by result system is a payment system where employees are paid in proportion to the efforts and the overall business performance. With this system both employees and employers will be satisfied with the outcomes and will in turn prevent any suspicions from the employees since the system is clearly understood by both parties and a mutual relationship we be created.

4 0

4 years ago