Answer: Quasi contract
Explanation: A contract that exist by the order of court and not by the agreement between the parties is called a quasi contact. These contracts are made by the court to avoid the unjust enrichment of the party. In simple words these are the contracts created by the actions of the parties. In this case Stella was injured so she must be taken to the hospital which resulted in a quasi contract between her and the hospital.
<span>By making particular purchases, the consumer inform or show what they need.
Ex:
im hungry, buy mc donald
im hungry but i want to be healthy buy other type of food.</span>
Answer:
Loss on disposal = $2232
Explanation:
To calculate the amount of gain or loss on sale, we must first calculate the net book value or NBV of the asset. The net book value is the difference between the cost of the asset and the accumulated depreciation. The formula for NBV is as follows,
NBV = Cost - Accumulated depreciation
NBV = 223162 - 200846
NBV = 22316
If the sales proceeds are more than the NBV of the asset, the asset is sold on gain and vice versa.
Loss on disposal = 20084 - 22316 = - $2232 or$2232 loss
Answer and Explanation:
The computation of the federal income tax ramifications are shown below:
At the corporate level, the capital gain is
= Worth of the land - the purchased value of the land four years ago
= $240,000 - $160,000
= $80,000
Since there is four shareholders, so the amount each shareholder held is
= $80,000 ÷ 4
= $20,000
And, the David stock basis drop is
= David basis in S corporation stock - land worth + amount of each shareholder
= $270,000 - $240,000 + $20,000
= $50,000
