Answer:
A) No gain or loss on the exchange with Bob, and $12,000 gain on the subsequent sale
Explanation:
Since apparently both Bob and Charles owned their property for more than 2 years, the exchange classifies under section 1031 exchange between related parties. Therefore, no gain or loss should be recognized by any of them.
When Charles sold the property to his business associate, who is not related to him, he realize a $12,000 gain (= $312,00 - $300,000 basis).
Answer:
The correct answer is A. True.
Explanation:
The process of ethnic assimilation refers to the degree of integration of a minority group versus a majority group. In the exposed case, a series of variables with direct incidence within this process are shown, taking into account that Hispanic Americans and Asian Americans have a totally different series of customs, which means that this process is a little longer considering that there are language and generational barriers that also lead to assimilation being variable depending on the study group.
Answer:
D) focused on characteristics that might differentiate leaders from non-leaders
Explanation:
It is generally said that leaders are the individuals who can differentiate themselves from non-leaders. There are various researches which tried to examine the characteristic of leadership and mostly focused on the characteristics which make leaders. Although, it is important to analyse the features which differentiate leaders from non-leaders, nowadays this method to identify leadership traits is considered ineffective.
Answer:
The correct answer would be option A, $125800.
Explanation:
Cost of goods manufactured= Total costs + beginning work in process - Ending work in process
Total costs include Direct Materials, Direct labor and Factory Overheads. So the Above formula can be written as:
CGM = (Direct materials + Direct Labor + Factory overhead) + Beginning WIP - Ending WIP
Now
Direct Materials = Beginning raw materials + Purchased Raw Materials - Ending Raw materials
= 15200+60000-16600= 58600
Now Direct labor given is = 42800
And Factory Overheads = 30000
So,
Total costs= direct materials + Direct Labor + Factory Overhead
Total Costs= 58600 + 42800 + 30000
= 131400
Beginning work in process = 22400
Ending work in process = 28000
NOW Costs of Goods Manufactured/CGM = Total Cost + Beginning WIP -Ending WIP
= 131400+22400-28000
=$125800
Answer:
depends on how much you already have...
Explanation: