Answer:
Gain recognized by Ben = $10,000
Explanation:
Given Data:
Adjusted basis of property=$40000
Cash received = $15000
Additional stock received = $35000
Total received = Cash received + Additional stock received
= $35000
+ $15000
= $50000
Gain recognized by Ben = Total received - Adjusted basis of property
=$50,000 -$40,000
= $10,000
Therefore, gain recognized by Ben = $10,000
Answer:
20.875
Explanation:
18+24+17+21+24+16+29+18=167/8=20.875
Answer:
An Index is used to identify references, key words or paragraphs, abstracts so also articles from different sources.
Answer:
t= 0.4138
Explanation:
First, we need to accommodate the information:
Sales= 10,000
COGS= 6000 (-)
Gross profit= 4000
Operating, selling, general and administrative expenses= 2300 (-)
Net operating income= 1700
Interest= 250 (-)
Earnings before taxes= 1450
TAX= 600 (-)
Net income= 850
t= ?
t= 600/1450= 0.4138
Answer:
total amortization expense = $5400
so correct option is C) $5,400
Explanation:
given data
purchase price = $67,500
time period = 75 months
months = 6th
to find out
total amortization expense
solution
we get here total amortization expense that is express as
total amortization expense = 
×months ...............1
put her value we get
total amortization expense = 
× 6
total amortization expense = $5400
so correct option is C) $5,400
