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katrin2010 [14]
3 years ago
11

sold real property with a $140,000 adjusted basis for $255,000. The buyer paid $148,000 cash and assumed Mr. Beck's $107,000 mor

tgage on the realty. Mr. Beck's realized gain or loss on sale is:
Business
1 answer:
Oxana [17]3 years ago
8 0

Answer:

The answer is $115,000

Explanation:

Solution

Given that:

Property sold  =$140,000

Adjusted basis = $255,000

The buyer paid =$148,000

Mortgage on reality =$107,000

The next step is to find Mr Beck realized gain or loss on sale

Thus

Sale value =$140,000

Adjusted basis =$255,000

140,00 + 255,000 = $115000

Therefore Mr beck realized gain or loss on sale is $115,000

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Penn Station is saving money to build a new loading platform. Two years ago, they set aside $24,000 for this purpose. Today, tha
vekshin1

Answer:

0,087792106  = rate

Explanation:

We need to calculate the interest of the investment

principal x (1 + rate)^time = value

replacing with the know values

24,000 x  (1+rate)^2   =  28,399

28,399/24,000      = (1 + rate)^2

sqrt (28,399/24,000)  -1 = rate

now we solve for the unknown value

                0,087792106  = rate

4 0
3 years ago
Pam purchased video cameras for all of her employees so they can participate in ________.
jonny [76]

videoconferencing

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To learn more about Videoconferencing
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6 0
1 year ago
Too much money chasing too few goods is characterized by the term ________.
bogdanovich [222]
Too much money chasing too few goods is characterized by the term inflation.
8 0
3 years ago
An external party receives information about past performance from
ryzh [129]
The answer to this question is: <span> financial statements
The financial statements will record every single transaction that happen within company's operational periods.
The statement will reflect the company's total asset, liability and equity that accumulated since the previous years and often used to determine company's health.</span>
3 0
3 years ago
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Oscar had been an exceptionally private person his entire life. What bothered him most during his final years was the lack of ca
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Answer:

<em>c) Social Dignity. </em>

Explanation:

On the other hand, it is morally important to harm someone's personal reputation because it causes a social cost: the target loses social status insofar as it is compelled to do something that the society finds to be humiliating.

Furthermore, social dignity is closely linked to the universal desire for justice for individuals.

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3 years ago
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