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
lord [1]
3 years ago
11

Julie transferred a building with an adjusted basis of $240,000 for another building with a fair market value of $350,000 and $2

5,000 in cash. The exchange qualified as a like-kind exchange. The realized gain on the exchange was $
Business
1 answer:
NARA [144]3 years ago
7 0

Answer:

$135,000

Explanation:

The realized gain can be calculated as under:

Realized Gain = Market Value received    -   Adjusted Basis

Here

Market Value received is $375,000 (350k + 25k)

Adjusted Basis $240,000

By putting values, we have:

Realized Gain = $375,000 - $240,000 = $135,000

You might be interested in
Which ad format gives viewers the choice of whether or not to watch your ad, and helps drive brand consideration?
guajiro [1.7K]
The correct answer is:
TrueView ads

Source, explanation and more info: <span>https://goo.gl/RE2D3U</span>
4 0
3 years ago
Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of
Liula [17]

Answer:

manufacturing organization

Explanation:

This is an example of a manufacturing organization. This is an organization that focuses on gathering all of the necessary ingredients, which are then placed in a specific process to which combines them to make a unique product. This product is then sold to other companies or individual customers to generate profit for the company. This is exactly what Black Diamond does in order to produce outdoor equipment.

5 0
3 years ago
A 1,500 square foot office space is leased at $12.00 square foot. The space is vacant one month out of the year. Office expenses
Ymorist [56]

Answer:

$7500

Explanation:

An expense stop is a tool used by landlords to limit their operating costs and maintain predictable operating costs over the terms of the lease. Hence, even though the operating expense is $6.50, the landlord is only accountable for $6.

The operating costs annually would be: 1500 x 6 = 9000

(Even though the office space is vacant for one month of the year, maintenance costs will still be incurred throughout the year, whether leased or vacant)

Annual income :

1500 x 12 = $18000 (12 months)

It should be noted though that the office space is vacant for one month. Hence, landlord only receives 11 months worth of leased rent. Actual income : (18000/12) x 11 = $16500

Net operating income annually : Total income - Total expenses = $16500 - $9000 = $7500

3 0
3 years ago
The " 10 80 10 " rule as it applies to crowd management means
Sergeu [11.5K]

Answer:

reasons that in an emergency or crisis 10% of us are leaders; we have a plan, take action, and do the right thing. We seek direction and wait for someone to take the lead and tell us what to do. Finally, there are the “Doomed”; 10% of us that behave in counter-productive ways.

Explanation:

4 0
2 years ago
Suppose the government imposes a price ceiling on gasoline that is less than the equilibrium price. As a​ result, A. there is in
FrozenT [24]

Answer: (B) There is incentive for buyers to undertake search activity

Explanation:

Setting price below equilibrium will create shortage.

8 0
3 years ago
Other questions:
  • Camera 1 costs $4,900. It should last for eight years and have annual maintenance costs of $220 per year. After eight years, the
    14·1 answer
  • What is the role of peer assessment in the learning process?​
    10·2 answers
  • Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be
    11·1 answer
  • You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical
    13·1 answer
  • Greg, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. greg
    7·1 answer
  • Which of the following statements is most accurate? Select one: a. In process costing, estimating the degree of completion of un
    6·1 answer
  • What is a risk assessment grid?
    5·1 answer
  • A high level of information asymmetry between insiders and outsiders encourages a greater use of debt relative to equity, as wel
    8·1 answer
  • A sales invoice included the following information: merchandise price, $4,000; transportation, $300; terms 1/10, n/eom, FOB ship
    7·1 answer
  • The final step in recognizing the completion of production requires a company to?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!