Answer:
C) $1,200 capital gain.
Explanation:
David's basis on the land was $24,000
liability assumed by other partners = $30,000 x (1 - 10%) = $27,000
liability assumed by David on the partnership's other liabilities = $18,000 x 10% = $1,800
David's gain = liability assumed by other partners ($27,000) - land basis ($24,000) - additional liability assumed by David ($1,800) = $1,200 gain
When a partner contributes property to a partnership, his/her gain or loss must be determined using the asset's basis, not the fair market value.
Answer:
The correct answer is lower-class nonwhite.
Explanation:
The lower class is the poorest population segment of human society. It is characterized by having great gaps in its way of life and limitations in terms of access to economic resources. They are usually unemployed people, who do not own their own home or other goods or properties that are essential for living.
To this socioeconomic class belong people with very low educational levels, barely with primary education and some with secondary education. Some casual or independent workers also enter this class. Lower class families do not have good basic services in their homes.
Answer:
B) False
Explanation:
As the decisions in the AGM is made on voting of the stockholders. Sharon has controlling interest in ABC Inc. because he has the more than 50% of the share holding in ABC Inc. Sharon can Terminate the election because he has the majority of voting rights and on the other hand the Jason has 5% interest and voting rights of the company which is even not enough to create a significant influence over ABC Inc. The decision of Sharon will be considered as final.
Answer:
At 18,600 pounds, cost of both the machines would be equal
Explanation:
At Indifference point of production amount (pounds), the total cost of each machine will be equal
.
Indifference Point is calculated as: Change in Fixed Costs/Change in Variable Costs
Indifference Point = (8901 - 7599) / (0.52 - 0.45)
= 1302 / 0.07
= 18,600 pounds
At 18,600 pounds, cost of both the machines would be equal
Roosevelt's "big stick" foreign policy meant that the United States would engage in diplomatic negotiations while retaining the ability to use force if necessary.
<h3>What are some examples of Roosevelt's big stick strategy?</h3>
Numerous instances in foreign affairs, President Roosevelt employed big stick policy. He negotiated a peace deal between Russia and Japan, expanded American influence in Cuba and more.
<h3>How did America benefit from the "big stick" policy?</h3>
Roosevelt was successful in keeping the United States out of wars by threatening legitimately with force under his "big stick" strategy.
<h3>How was the "big stick" approach applied in Panama?</h3>
Roosevelt used the "big stick" to put down the Colombian uprising by aiding the Panamanian people. He dispatched American battleships to the Colombian coast in November 1903 to prevent it from putting down the revolt in Panama.
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