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3 years ago

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An individual client purchased his residence 5 years ago for $200,000. For 3 of the last 5 years, the client rented out the prop

erty for income, and lived in the house of 2 of those years. The client sells the house for $500,000. How much of the gain is taxable

1 answer:

AlladinOne [14]3 years ago

7 0

Yes the answer is 500,000 dollrs

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dalvyx [7]

Answer:

vulnerability

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Usually individuals place themselves in a position of vulnerability in a relationship when they have a very high degree of affection for the other person and assume the risk of being emotionally exposed.

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Answer:

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Explanation:

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The issuance of notes payable for borrowing is classified in the statement of cash flows as a(n): Multiple Choice Operating acti

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2 years ago

Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, s

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The best and most correct answer among the choices provided by the question is the third choice. The direct result of the problems is that <span>less city workers to plow the streets causing an increase in the number of car accidents during the winter months. </span>I hope my answer has come to your help. God bless and have a nice day ahead!

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The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:

Rainbow [258]

Answer:

d. $75,000

Explanation:

total Los Angeles Bay Area Central Valley

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<u>fixed expenses </u>

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profit margin

Noncontrollable fixed expenses and common fixed expenses are not included in the calculation of individual controllable profit margin.

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3 years ago