<u>Answer: </u>Yes, due to the action taken by the government it makes it difficult to perform under the contract.
<u>Explanation:</u>
When the contract was signed by Putnam corporation and the pharmacies it was legal and valid contract. Due to the after effects of the pills sold by the pharmacies Food and Drug Administration has passed new regulations that the drug sold is illegal. The contract should also abide by the regulations passed by government authorities.
So the contract between the pharmacy and Putnam becomes void. The pharmacy chain is out of the contract and need not sell the drugs which are addictive and which has caused few deaths.
True, and it is very sneaky. Please mark Brainliest!!!
<u>Solution and Explanation:</u>
Amount realized 22,000 Minus: Basis 89,000 Loss recognized 67000
<u>answer a </u>) Since Karen is single she can guarantee this lose as a common misfortune to a limit of $50,000. Karen won't have the option to guarantee the whole $67,000 that she lost she can just guarantee $50,000.
<u>answer b) </u>Since Karen is recording a joint government form she can guarantee a lose of upto $100,000. Karen will have the option to guarantee the whole loss of $67,000.
<u>answer c )</u> With the stock being bought from another investor as opposed to the sorting out enterprise she can guarantee the whole loss of $67,000 as a captial gain misfortune.
<u>answer d )</u> B. By selling a segment of the stock in one year and the staying stock in one more year Karen could change over the whole misfortune on the deal to a normal misfortune.
Answer:
Common Additional Paid Retained Treasury
Stock in Capital Earnings Stock
Beginning $12,500 $190,000 $150,000 $0
Stock Issuances
Net Income $270,000
Dividends: Common
Ending
I prepared an excel spreadsheet because there is not enough room here.
Merchandise 7X, the "secret ingredient" or "secret formula" in Coca-Cola. The ingredient has remained a secret since its invention in 1886 by John Pemberton.
