Answer:
B. Sandy recognized gain of $400,000.
Explanation:
Sandy transfers land of basis $100,000 to Dolphin Corporation. The land worth is $500,000 which is transferred to Dolphin Corporation in return for all the stocks worth $300,000 and note was executed by Dolphin amounting $200,000. The total consideration of Dolphin Corporation amounts $500,000 which the worth of the land transferred by Sandy. The basis of Land was $100,000. Sandy can recognize a gain of $400,000.
Answer:
Yes, the cash balance is less than $75,000
Explanation:
a. b
Current ratio is more than required : No violation
Debt to equity ratio is less than stated: No violation
Cash balance as per books exceed 75000 but as per bank book less: violation
(As per bank reco the amount is different as company may not recorded bank charges and expenses as reflected in bank statement.
Answer:
a. Inelastic, b. Raise
Explanation:
a. When the price rises by 10%, the quantity demanded falls only by 5%, that is, falls by less than proportionate amount. It is proof that the demand is inelastic.
b. If the company wants to raise its revenue, it must raise its price. It will lead to less than proportionate fall in demand, leading to an increase in total revenue.
Answer:
6.67 solution: Actual labour hour=8hr total no.of employees=4 Total working
Explanation:
