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timurjin [86]
3 years ago
11

Russell Corporation sold a parcel of land valued at $440,000. Its basis in the land was $294,800. For the land, Russell received

$121,500 in cash in year 0 and a note providing that Russell will receive $229,000 in year 1 and $89,500 in year 2 from the buyer (plus reasonable interest on the note). (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
a. What is Russell’s realized gain on the transaction?

b. What is Russell’s recognized gain in year 0, year 1, and year 2?

Year 0
Year 1
Year 2

Business
1 answer:
WITCHER [35]3 years ago
6 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Goldman Inc. was organized on June 1, 2014. It was authorized to issue 500,000 shares of $10 par common stock and 100,000 shares
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The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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3 years ago
Anyone has documents about the increasing importance of global production networks in the textile and clothing industry?
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Answer:

The Global Textile and

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4 0
2 years ago
Billy opens a bicycle shop that sells an innovative new kind of bicycle. He decides to call the bicycles Bicycles. Billy extensi
Contact [7]

Answer:

Option B is correct because the first thing is we can not register it as trademark because the requirement to register trademark is:

  • It must be in use And
  • Must be distinctive.

In this case the word bicycle is not distinctive. The word distinctive in law means that the item must be different from something else either in nature or type.

Option A is incorrect as the word bicycle is not distinctive, so it can not be registered. And if it can not be registered then it can not be protected against trademark infringement.

Option C is also incorrect as this word does not meets the requirements of trademark registration.

Option D is also incorrect because certification mark are logos of products to make the quality or nature of product clear.

5 0
3 years ago
17-16. Do you think interns who feel they’ve had a negative or exploitive relationship with a company should file lawsuits? Why
katrin2010 [14]

Answer: The answer is provided below

Explanation:

An intern is a student or a trainee who works, sometimes without getting paid, so as too gain work experience or satisfy the requirements for a qualification.

Internship comes into legal agreement by signing an internship agreement. Such agreement is signed by the organization and the intern. The violation of intern contract is enforceable by law.

Companies usually have committee that evaluate issues that may disturb the employees or interns at their workplace. In a situation whereby the intern feels an issue cannot be resolved within the organization, the intern can go for lawsuits.

Company's actions such as discrimination at work, sexual harrasment are example of cases that may justify am intern going to the court. Even though many states have passed laws to protect interns in organizations, an intern can still file lawsuits in cases of severe misconducts.

6 0
3 years ago
The town of Millbridge has just agreed to pay a pension for the town clerk. The pension will be $40,000 per year for the next 20
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The amount that must be put aside now is $458,796.85.

<h3>How much should be put aside now?</h3>

The first step is to determine the future value of the annuity:

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Annuity factor = {[(1+r)^n] - 1} / r

Where:

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To learn more about present value, please check: brainly.com/question/26537392

4 0
1 year ago
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