Answer:
1,000 long-term capital loss
new shares basis $7,000
Explanation:
The sales realize a long term loss for 1,000 dollar
It is long term as the shares were held for a period of time over 2 years
and is a loss as these shares were bought at 10,000 while sold at 9,000
The new share basis will be of 7,000 as it is the value ofthe new purchase.
Answer:
The primary sign of mumps is swollen salivary glands that cause the cheeks to puff out. Other signs and symptoms may include:
Pain in the swollen salivary glands on one or both sides of your face
Pain while chewing or swallowing
Fever
Headache
Muscle aches
Weakness and fatigue
Loss of appetite
Answer:
c. Depreciation $1,000
f. Property, Plant and Equipment $12,000
Explanation:
Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be $480 * 5 = $2,400 per year for 5 registers.
The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.
$2,400 * 5/12
$1,000.
Dual agency is often solved with the broker representing both sides designating a separate agent for both buyer and seller.
An individual who represents both the buyer and the seller in a transaction is known as a dual agent. It's common to mix up dual agents and designated agents. Assigned agents, on the other hand, consist of two people who each represent the buyer and seller independently.
In a dual agency scenario, a single agent acts as both the buyer's agent and the seller's representative, as opposed to two independent agents. When the buyer and seller work with the same brokerage, dual agency frequently occurs.
The commissions for both agents are normally paid by the seller, thus in this case, the seller stands to directly benefit financially. However, if the seller's expenses are lower, they might be open to the idea of the buyer offering a lesser price.
Learn more about dual agency here
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