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
On the one hand, a gerund is a verb that acts as a noun, know for the -ing form. On the other hand, an infinitive is the basic f
slavikrds [6]

Answer:

To give is one of the best thing which people do. Volunteering the time show that they are caring people.

Explanation:

The ing form is considered as forth form of verb which acts as noun. The first form of verb is used for present tense normally with to. The first form of verb is basic form of verb used for describing an action. It is infinitive form of verb used before the word to.

6 0
3 years ago
We are pleased to offer you the position of assistant manager. We propose a start date of March 14.
MissTica

Answer:

I think its authoritative

5 0
3 years ago
Read 2 more answers
Billy told his boss, Gwen, that he is going to start training for the upcoming marathon to be healthier and to have more energy
Leokris [45]

Answer:

B. smart goal.

Explanation:

SMART goal -

The word SMART is the an acronym -

S = Specific ,

M =  Measurable ,

A = Achievable ,

R = Realistic ,

T = Timely .

These are the goals of any business organisation in order to motivate and direct the employees to do well and give new ideas or new resources for the success of the company .

It enables the people to focus and make efforts to achieve the goal and to make company successful .

In the similar way ,

Gwen is helping Billy to get SMART goals for the company .

4 0
3 years ago
Merchandise was returned to a supplier. The goods were previously purchased on account. The goods had not been paid for and ther
irina [24]

Answer:

Debit Accounts Payable, and Credit Purchase Returns and Allowances

Explanation:

The adjusting entry is shown below:

Account Payable A/c Dr

       To Purchase Returns and Allowances

(Being return of goods is recorded)

Since the goods are purchased on credit, and due to some issues the goods are returned So, the account payable account should be debited and the purchase return and allowances should be credited.

5 0
3 years ago
_____ are any aspects of a good or service that a customer must believe in but cannot personally evaluate even after purchase an
stiv31 [10]

Answer:

<u>c. Credence attributes</u>

Explanation:

  • Credence is a good that has attributes that cannot be observed by the consumer even after purchasing the thus makes it difficult for them to access its utility such as expert services and medical procedures, automobile repairs, etc.
  • Here the seller has the option to change the quality ad quantity of the price by using his tactics and hence can cheat buyers with an inferior good. Like the automobile repair may be insufficient.
7 0
3 years ago
Other questions:
  • Which of the following refers to the system of governing an organization so that the interests of corporate owners are protected
    13·1 answer
  • Innovation is best rewarded with ____ incentives
    8·1 answer
  • A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000. The
    7·1 answer
  • Marcus and tony work for lombardo's pipe and concrete. mr. lombardo is preparing an estimate for a customer. he knows that maruc
    12·1 answer
  • Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60. If the customer pays within the discount period, what amount
    8·1 answer
  • The employees at Run Shoes Inc. work in groups that work together by collaborating their skills and cooperating with each other.
    13·1 answer
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will ______. T
    9·1 answer
  • York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 sh
    10·1 answer
  • Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrela
    9·1 answer
  • conduct a research on a successful south african entrepreneur. write an essay which you include the following: background, rise
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!