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kobusy [5.1K]
3 years ago
6

Bailey stood in line for hours and purchased the new game system the day it became available for $600. Knowing that there was a

high demand for the game system and a limited supply, she decided to put the item on E-bay rather than keep it. She sold it for $950. She also sold her five-year old car for $5,000. She had purchased the car for $13,000. What is the taxable nature of these transactions?
Business
2 answers:
Andrej [43]3 years ago
5 0
Um don’t know sorry,isn’t this I-ready?
cricket20 [7]3 years ago
5 0

Answer:

the correct answer is

Bailey has a taxable short-term gain of $350, but no deductible loss for the car.

good luck

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Which career professional is not part of the Business, Management, and Administration career cluster?
LUCKY_DIMON [66]

Hello!

<u><em>The answer should be the last options.</em></u>

Explanation: Human Resources Director is part of the business, management, and administration career clusters. Assistant to the Chief Executive Officer is part of the business, management, and administration career clusters. Business Accountant is part of the business, management, and administration career clusters. <em><u>Mathematics Instructor is "not part of the business, management, and administration career cluster".</u></em> Hope this helps! Thank you for posting your question at here on Brainly. Have a great day! -Charlie

4 0
3 years ago
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Kay, an art collector, promised Hammer, an art student, that if Hammer could obtain certain rare artifacts within 2 weeks, Kay w
IRINA_888 [86]

Answer:

Hammer would prevail against Kay based on:_______.

A. Unilateral contract.

Explanation:

A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.

in relation to the case in the contract, Hammer had carried out the duties expected of him thus making the contract valid under a unilateral contract.  

since in a unilateral contract, the offer can only be accepted when the other party completely performs the requested action.

Hence  Hammer would prevail against Kay based on Unilateral contract.

5 0
3 years ago
The Digital Millennium Copyright Act, signed in 1998, Multiple Choice allows anyone with access to a computer to publish origina
Rina8888 [55]

The purpose of the Digital Millennium Copyright Act is to improve protection of copyrighted digital products.

<h3>What is the Digital Millennium Copyright Act?</h3>

It is an Act by the U.S. Congress that aims to make it harder to engage in using copyrighted materials without authorization.

It does this by making it illegal to produce technology or devices that help people use copyrighted materials without permission.

In conclusion, option D is correct.

Find out more on copyrights at brainly.com/question/357686.

5 0
2 years ago
Silvia Company acquires a 30% interest in Small Company. The fair value of Small's inventory exceeds its carrying value by $100,
beks73 [17]

Answer:

The revenue that the investment in the company would increase by $100,000.

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Though the International Accounting Standard IAS 2 Inventories says that the inventory must be recorded at lower of:

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This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.

The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.

7 0
3 years ago
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ch4aika [34]

Answer:

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Speculators from rushing into and out of a country's market and

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