Answer:
The recognized gain or loss of Bud is $2,000
Explanation:
The aggregate market value is computed as:
Aggregate market value = Fair market value + Cash
= $28,000 + $2,000
= $30,000
The recognized loss or gain of Bud is computed as:
Recognized gain or loss = Aggregate market value - Fair market value
= $30,000 - $28,000
= $2,000
So, it is a gain of $2,000
I believe the answer is: All of the above
<span>- Credit scores reflect how likely individuals are to repay their debts.
(for example, your credit scores would get lower if you miss your credit card payments or always maxing your credit card limit)
- Credit scores range from the low 300’s to the mid 800’s.
( this standard is used by all credit companies across united states, as the scores got higher, The more likely the credit card holder will pay their due)
- Each person has three credit scores.
(one from equifax, one from transunion, one from Experian)</span>
Answer: Creativity.
Professionalism.
Risk-taking.
Passion.
Planning.
Knowledge.
Social Skills.
Open-mindedness towards learning, people, and even failure.
Answer:
a)$27,000
b)$32,000
c)$130,000
Explanation:
a) In case of business inventory donation,the charitable contribution deduction will be lesser of:
i) Basic × 2 = (24,000×2)= 48,000
ii) Basic +(FMV-Basic)× 50% = (24,000) +(30,000 -24,000)×50%= $27,000
It is standardized.No further explanation require
b)Since intangible property gets the FMV(Fair Market Value).Stock is considered capital gain or investment property,Therefore value at FMV.
It is standardized, no further explanation required.
c)since it is a capital gain or investment property.Therefore value at FMV,
It is standardized no further explanation required
