Answer:
James will need to register the business with his local state as the
name of his business differs from his own.
Explanation:
Answer:
d. $25,000
b. ($5,000) loss
Explanation:
In the first case, the gain or loss on this transaction is
Gain or loss on this transaction is
= Sale value of the land - adjusted basis of the land
= $110,000 - $85,000
= $25,000
We ignored the fair market value of the land for computing the gain or loss of the transaction
In the second case, the gain or loss on this transaction is
Gain or loss on this transaction is
= Sale value of the land - fair market value
= $80,000 - $85,000
= -$5,000 loss
Answer:
Option (B) is correct.
Explanation:
Total Square foot of space:
= Fabrication + Assembly
= 4,000 + 2,000
= 6,000
Maintenance expense is allocated on the basis of square footage
.
So, maintenance expense allocated to assembly
:
= (Maintenance Operating costs ÷ Total Square foot of space) × Assembly Square foot of space
= ($26,400 ÷ 6,000) × 2,000
= $4.4 × 2,000
= $8,800
He is particularly grateful for CAFTA-DR, a trading bloc. he Central America Free Trade Agreement (CAFTA-DR), which includes Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States, is intended to reduce tariffs and other barriers to free trade.
