Answer:
Alexandra took the land subject to the $100,000 liability. Therefore the Alexandra’s basis in the land is $200,000.
Explanation:
in the current scenario "Dove Corporation distributes all of its property in a complete liquidation. Alexandra, a shareholder, receives land having a fair market value of $200,000". Thus, the Basis of property received in a complete liquidation is the property's fair market value on the date of distribution, or %200,000
Answer:
This is called deflation.
Explanation:
Deflation refers to the situation when there is a decline in the general price level, it causes the economy to slow down. It generally happens because of a reduction in the money supply.
The nominal costs of goods and services, labor, capital, etc. decline. But the relative prices, generally remain the same. '
The decline in price is not good for everyone and adversely affects producers. It is also harmful to borrowers. The decline in the price level increases the purchasing power of money.
Chart, because a chart has coloumns, and at the top it labels clearly the contents of the coloumn
Answer:
Two(2) exemptions
Explanation:
The first exemption would be based on the fact that Ronald has health challenges while the second exemption would be on the basis of Ed's (his son) state of mental capability.
Answer:
1,000
Explanation:
Suppose the town of Boone has a total population of 50,000 people. Of those, 45,000 people are employed. There are 1,000 full-time students who are not employed or actively seeking work. The rest of the people are out of work but have been actively seeking work within the past four weeks.
This information is not given in the question.
For computing the frictional unemployment, first we have to determine the unemployed which is shown below:
Number of unemployed would be
= Total population - employed - full time students
= 50,000 - 45,000 - 1,000
= 4,000
Now the frictional unemployment would be
= Unemployed - cyclical unemployment - structural unemployment
= 4,000 - 2,000 - 1,000
= 1,000
