<span>There there will be a budget deficit as government expenditures increase and tax <span>revenues decrease.</span></span>
Yeah blue dinosaur is perfect
Is this the whole question ???
According to the selling principle, unless a company makes a significant effort to market and promote its products, people won't buy enough of them.
What do you call the process of producing a product?
Generally speaking, product development refers to all phases that go into creating a product, from concept or idea to market release and beyond. In other words, the complete path of a product is incorporated into product creation.
What are the four different methods for developing products?
Following are the four stages of product development: R&D, Growth, Maturation, and Decline. These may be challenging to accurately map out, but as you expand a product over time, you can gain a clearer understanding of the stage it is in.
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Answer:
The correct answer is $25,000.
Explanation:
According to the scenario, the given data are as follows:
Face amount = $55,000
Basis of Mason = $30,000
Fair market value = $42,000
So, we can calculate the gain by using following formula:
Gain = Face amount - Basis of Mason
By putting the following in the formula we get,
Gain = $55,000 - $30,000
= $25,000.
Hence, the cancellation of the sale results in gain of $25,000.