1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
agasfer [191]
3 years ago
7

On October 1, Paula exchanged an apartment building (adjusted basis of $375,000 and subject to a mortgage of $125,000) for anoth

er apartment building owned by Nick (fair market value of $550,000 and subject to a mortgage of $125,000). The property transfers were made subject to the mortgages. What amount of gain should Paula recognize?
Business
1 answer:
Nonamiya [84]3 years ago
8 0

Answer:

The amount of gain Paula should recognize is $0.

You might be interested in
The project schedule information section of the project management plan includes ____. a. a list of key deliverables b. an elabo
yulyashka [42]

Answer:

The correct answer is letter "B": an elaborate timetable.

Explanation:

The main objective of creating a project schedule is to <em>measure and control the amount of time it takes to finish every activity in a project</em>. The project strategy must be provided first describing each step that will be taken to accomplish the company goal to then, based on different metrics, determine how much time those activities will last. Eventually, the project schedule will help to find out when the project will be completed.

5 0
4 years ago
Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97
ELEN [110]

Answer:

The new EPS is $ 3.16  

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as  to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

                                                           = 10,068.29  

The average weighted number of shares after repurchase is  309,931.71  (320,000-10,068.29)

EPS after repurchase=$980,000/309,931.71

                                   =$3.16 per share

5 0
4 years ago
Adams is selling his property to Katter for $94,000, and Katter is assuming an existing mortgage at 4-1/2% interest per annum wi
MAXImum [283]

Answer:

$69.53

Explanation:

loan's balance = $94,000

interest expense per year = $94,000 x 4.5% = $4,230

interest expense per day = $4,230 / 365 = $11.5890411

the seller is responsible for 25 days of interest = 25 x $11.5890411 = $289.73

the buyer is responsible for 6 days of interest = 6 x $11.5890411 = $69.53

6 0
3 years ago
A person who can afford a monthly payment of and signs a loan
Bond [772]

Answer:

4000

Explanation:

5 0
3 years ago
As part of their business promotional package, the Milwaukee Chamber of Commerce would like an estimate of the mean cost per mon
Alexandra [31]

Answer:

1. X1=884-19.18

X2=884+19.18

2. It is unreasonable to conclude the population mean is $350

Explanation:

Kindly check the attached picture for detailed explanation and answer

3 0
4 years ago
Other questions:
  • A client will soon be completing a course of inpatient treatment for the treatment of schizophrenia. At what point should the ca
    14·1 answer
  • An open-end investment company that can issue an unlimited number of its shares to investors and use the pooled proceeds to purc
    13·1 answer
  • What type of supporting schedule is designed to show detailed tests performed, does nottie into the general ledger, but must sta
    7·1 answer
  • Explain why vaccinations and social-distancings in times of the Corona pandemic are both
    14·2 answers
  • This video describes the brewing industry. Large brewers and craft brewers are both a part of the industry because: a.all beers
    11·1 answer
  • During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
    5·1 answer
  • Keener Incorporated had the following transactions occur involving current assets and current liabilities during February 2017.
    11·1 answer
  • While the percentages may not hold in a particular industry, the ______ rule suggests that a small fraction of customers provide
    10·1 answer
  • The rent (on land) is determined entirely by demand because the supply of land is ________________________. group of answer choi
    5·1 answer
  • Ryan has written some kpis to help his fitness centres achieve the business goal of "improving overall client satisfaction". Rev
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!