1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mumz [18]
3 years ago
15

Kelly inherits land that had a basis to the decedent of $95,000 and a fair market value of $50,000 on August 4, 2019, the date o

f the decedent's death. The executor distributes the land to Kelly on November 12, 2019, at which time the fair market value is $49,000. The fair market value on February 4, 2020, is $45,000. In filing the estate tax return, the executor elects the alternate valuation date. Kelly sells the land on June 10, 2020, for $48,000. What is her recognized gain or loss?
A. ($1,000).
B. ($2,000).
C. ($47,000).
D. $1,000.
E. None of the above.
Business
1 answer:
expeople1 [14]3 years ago
8 0

Answer:

A. ($1,000).

Explanation:

In the question, it is given that the fair market value of the land is $49,000 and the selling value is $48,000. So, in the given situation the selling value of the land is less than the fair market value which reflect the loss of $1,000

The $1,000 is come by subtracting the selling value and the fair market value

All other information is not relevant for the computation part. Hence, ignored it

You might be interested in
Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they sh
fredd [130]

Answer:

The indicators may be an important factor will be the unemployment rate in the area

Explanation:

The federal tax rate in the that area, may no different that in other area and it can be pay if you have job, the other indicator could be is the producer price index but it can't tell you the economy as well just the productions and finally the CMI consume marginal index tell you more about life style in the zone, so that's why the indicator that is higgher influence is the unemployment rate because that determinate how many people around can pay and be able to grow economy way in the area, so t you can get return on investment

6 0
2 years ago
Rory is the CFO of McIlroy Golf Designs Inc. MGDI earned $13 million last year and maintains a 30% dividend payout ratio. The co
BaLLatris [955]

Answer:

<u>Price per share of MGDI's stock is $78</u>

Explanation:

Earnings per share=Total earnings/Shares of common stock outstanding

=(13/2)=$6.5

PE ratio=Stock price/Earnings per share

Stock price=$6.5*12

=$78.

5 0
2 years ago
The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from hi
Pepsi [2]

Answer:

Theory X

Explanation:

It is correct to say that this manager is using the management approach known as theory X, which is a philosophy that says employees work only for the benefits they receive, and that they avoid job responsibilities, so management must be inflexible and follow the hierarchy of functions, with the manager being responsible for a high degree of supervision of the work and the responsibility of the employee for any error.

Theory X may not be ideal for the current administration, where the focus of organizations are people and the formation of a culture focused on innovation and collaboration.

5 0
2 years ago
The six steps for recording a business transaction in the general journal are shown below, out of order. In your working papers
GREYUIT [131]

Answer:

The answer is "Option D, F, E, B, A, and C".

Explanation:

please find the complete question in the attached file.

Please find the choice order in the attached file.

$125 paid with one week invoice 300 for a customer's docking dog

5 0
2 years ago
Advantages of mixed economy
tangare [24]
1.It promotes good economy, and creates a good means of d provision of economic goodz.... 2.It ensures daht both private and public sectors take part in d production and distribution of goods and services..
7 0
3 years ago
Other questions:
  • When a transfer is made between cash and cash equivalents with no gain or loss, how is the transaction treated in the statement
    12·2 answers
  • A product that cannot be perceived by the senses is called an _____ product.
    14·1 answer
  • Young Johnny inherited the only local cable TV company in town after his father passed away. The company is completely unregulat
    5·1 answer
  • Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more
    12·1 answer
  • Which of the following factors could cause the economy to experience​ supply-side inflation? A. Increased security about jobs an
    13·1 answer
  • If an investment of $40,000 is earning an interest rate of 12.00%, compounded annually, then it will take 4.50 years for this in
    6·1 answer
  • _____is traditionally defined as the systematic gathering, recording, and analyzing of data to provide information useful to mar
    6·1 answer
  • Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying valu
    9·1 answer
  • In a group of five individuals, two report annual incomes of $10,000, and the other three report incomes of $14,000, $15,000, an
    13·1 answer
  • ______ activities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally alo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!