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astra-53 [7]
3 years ago
5

Grady exchanges qualified property, basis of $20,667 and fair market value of $24,800, for 60% of the stock of Eadie Corporation

. The other 40% of the stock is owned by Pedro, who acquired it five years ago.
Business
1 answer:
Marina86 [1]3 years ago
3 0

Answer:

Built in gain is $4,133

Explanation:

FMV of property $24,800

Grady's tax basis in his property $20,667

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Suppose foreigners find U.S. goods and services more desirable for some reason other than a change in the exchange rate. Which p
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Answer:

The correct answer is option a.

Explanation:

If foreigners find US  goods and services more desirable, they will demand more of these goods and services. The price level will increase. The domestic firms will start producing more to earn higher revenue and profits. The output level will increase.

To offset this increase in output the government will decrease money supply in the economy. To do so the government can adopt several measures. Government can adopt contractionary monetary or fiscal policy. Government can reduce money supply by reducing purchases.

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4 years ago
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5 0
3 years ago
A contractual vertical marketing system is exemplified by: Group of answer choices a florist shop that buys from a wholesale pla
lubasha [3.4K]

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the franchise system of a reputed sandwich brand.

Explanation:

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7 0
3 years ago
The owner of a cemetery plans to offer a perpetual care service for gravesites. The owner estimates that it will cost $120 per y
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Charge for perpetual care service will be $1500

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4 0
3 years ago
Machining: 4 hours (all automated)
irga5000 [103]

Answer:

Allocated overhead= $45

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Allocated overhead= $45

7 0
3 years ago
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