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Wittaler [7]
3 years ago
6

Darla owns a dress shop called Darla's Darling Dresses. During the past year, Darla sold some assets to upgrade her facility. Sh

e sold racks and shelving units for $600 cash. In addition to the cash, the buyer gave two mannequins worth a total of $200 to Darla. The racks and shelving units had an original cost of $2,500 and had accumulated depreciation for tax purposes of $2,200. Darla's amount realized on the sale is $ and the adjusted basis in the assets sold is
Business
1 answer:
Alexxx [7]3 years ago
8 0

Answer:

Darla's amount realized on the sale is $800

Adjusted basis in the assets sold is $300

Producing a realized gain on the sale of $500

Explanation:

Amount realized = cash received + FMV of other property + buyer’s assumption of seller’s liabilities – seller’s expenses

Amount realized = 600 + 200 + 0 -0

= $800

Adjusted basis = initial basis – cost recovery deductions

Adjusted basis = 2500-2200 = $300

Gain or loss realized = amount realized – adjusted basis = 800-300

= $500

Therefore Darla's amount realized on the sale is $800 and the adjusted basis in the assets sold is $300, producing a realized gain on the sale of $500

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7 0
3 years ago
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Gnoma [55]

Answer:

$16.21

Explanation:

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Dividend Payment               $1.10    

Growth rate first 3 years 10%  

Growth rate first 4 years 3.2%  

Required rate of return          12%  

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First year Dividend                     $1.21      0.892857143         $1.08  

Second year Dividend               $1.33     0.797193878          $1.06  

Third year Dividend                   $1.46     0.711780248          $1.04  

Fourth year Dividend                 $1.61      0.635518078        $1.02  

Stock value after fourth year = $18.89    0.635518078       <u>$12.00 </u>

Stock Value                                                                            <u>$16.21 </u>

5 0
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An unfitting classification of responsibilities existed because the supervisor was accountable for accounting for customer food checks and depositing acknowledgment and had the quality to set POS totals .

<u><em>Therefore, the correct option is (a)</em></u>

3 0
3 years ago
Case 6-2 Bryan has just started an internship in which he uses a database frequently. The database contains information about th
Viktor [21]

Answer: Database File

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7 0
3 years ago
"A broker and seller terminate the listing contract. An offer is received in the mail by the broker after the termination of the
katovenus [111]

Answer:

No acceptance has been given

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7 0
3 years ago
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