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wolverine [178]
3 years ago
15

Matthew owns a warehouse that is used in business while Pamela owns land. Matthew exchanges the warehouse for the land, which wi

ll be held for investment. The FMV of the warehouse is $200,000 (basis $120,000) and the warehouse is subjected to a mortgage of $40,000, which is assumed by Pamela. Matthew receives $10,000 cash and the land, which has a FMV of $150,000 (basis of $130,000 to Pamela). What is the amount of Pamela's recognized gain or loss?
Business
1 answer:
Virty [35]3 years ago
7 0

Answer:

Paloma gains $80,000

Explanation:

From the question,

Property received :

Land = 150,000

Cash = 10,000

Debt assumed by Pamela = 40,000

Total = 200,000

From the Warehouse she give out

= 120,000

Therefore 200,000 - 120, 000 = 80,000.

Hence $80,000 is the gain she realised.

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Answer:

Utility overvalued

Explanation:

According to economists, such people over value the utility they are meant to get in the future. They only want to get the entire satisfaction at a go because of the fear of not getting that food again in the nearest future.

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A company with 110,000 authorized shares of $8 par common stock issued 49,000 shares at $13. Subsequently, the company declared
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$29,400

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Answer:

The answer is D I would say.

8 0
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Basile [38]
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Drupady [299]

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When Ashton is studying the income statement, he will need as much detail as possible so that he can make informed decision to invest.

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