Answer:
Section 121 exclusion
Explanation:
In simple words, IRC section 121 requires a person to deduct up to $250,000 ($500,000 for dual filers) of profit from the selling (or exchange) of land that was purchased and utilized as a primary home for at minimum two of that five years preceding the sale. Thus, from the above explanation we can conclude that the correct answer is section 121 exclusion.
Answer:
A. Their home country and exporting them to other countries.
Explanation:
A global market channel generally explains the production of commodities by a certain or group of firms and goods by a home country and exporting them to other countries. This is seen generally in the production of phones, laptops, tv brands refrigerators and a whole lot of products amongst tier 1 or tier 2 countries and are been shipped to lowest their countries and other tier countries. This is seen to boost the economy and international trade friendship of either countries though the country at the recieving end is loosing per capital but at the end, we need each other to grow and live.
Answer:
The recent loss of 440 manufacturing jobs at Ford Australia has generated a lot of debate about the long-term viability of the Australian car industry, and manufacturing in general. This debate has included arguments that manufacturing is important and needs more government support. It has also seen some commentators argue that Australian’s have no right to expect jobs in manufacturing.
While most of this debate has focused on the automotive manufacturing sector, there is a wider question that needs to be answered. This relates to the issue of whether it is feasible for an advanced economy to grow and prosper without a manufacturing sector?
Explanation:
D. They are skills that employers in all lines of work are looking for.
Answer:
Entries are given below
Explanation:
Calculations
Cash = ($68,000 x 90%) - ($68,000 x 2%)
Cash = $61,200 - $1,360
Cash = $59,840
Loss on sale = ($68,000 + $3,800) - ($59,840 +$5,800)
Loss on sale = $71,800 - $65,640
Loss on sale = $6,160
Entries
DEBIT CREDIT
Cash $59,840
Loss on sale $6,160
Receivable from factor $5,800
Recourse liability $3,800
Receivables $68,000
