Everything but the twizlers I don’t like them lol sorry -
Answer:
the future value is $1.08
Explanation:
The computation of the future value is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $1 × (1 + 0.08)^1
= $1 × 1.08
= $1.08
Hence, the future value is $1.08
C. Revising is always required or at least advised
Answer: $400,000
Explanation:
Based on the information given in the question, Lisa's recognized gain or loss will be calculated as the difference between the amount that's realized and the adjusted basis. This will be:
Recognized gain will be:
= Amount realized - Adjusted basis
= $900,000 - $500,000
= $400,000
There's a recognized gain of $400,000
