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kodGreya [7K]
3 years ago
8

Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. The fair market value of the condominium is $12

0,000. What is Luciana’s basis in the condominium and the amount of any income as a result of this purchase?
Business
1 answer:
krok68 [10]3 years ago
5 0

Answer:

Luciana’s basis in the condominium is $120000.

Explanation:

The transfer or sale of property by the employer to the employee at less than the fair market value then it is considered as the compensation income or dividend income. However, it should be included in the income. The difference in cost and fair market value ($120000 - $85000 = $35000) is considered as the gross income which is taxable for the year.

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Answer:

B) Leave the equilibrium price unchanged.

Explanation:

Oligopolistic market is the arrangement where few companies offer same product to the customers. There is very less competition in the market so every supplier has fair chance for operating their business successfully. The kinked demand model curve in oligopolistic market would leave the equilibrium price unchanged.

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Answer:

The production departments in the first stage and the unit of product in the second stage.

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Romashka-Z-Leto [24]

The correct option is B

<u>Explanation:</u>

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What is an apprenticeship?
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B. Formal training that combines classroom instruction with learning on the job.

That's how I've understood it when I took business in high school.
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