Answer:
Brittany sold her stock (the basis of $60,000) to her brother, Ridge, for $35,000, the fair market value. Her brother subsequently sells the stock to the third party for $34,000.
Ridge’s recognized gain or (loss) is ($ 1,000).
Explanation:
The formula for calculating recognized Gain/[loss] is expressed below:
Recognized Gain/[loss] = Sales Price - Fair Market Value at the time of purchase from Brittany
Recognized Gain/[loss] = $ 34,000 - $ 35,000 = [$ 1,000]
Based on the calculation above, Ridge’s recognized gain or (loss) is ($ 1,000).
The output of mosquito reppelent is a toxin that is harmful to mosquitos
Jimmy Wales advocated for the advancement and sharing of knowledge that is why he started Wikipedia. Elon Musk, on the other hand, dedicated his life to the advancement of technology for the perpetuation of mankind. His ambitious ideas were able to draw in enough support and provided incredible results.
Answer:
The correct answer is option d.
Explanation:
Suppose there is an economic growth the production possibility frontier will shift outwards. This will increase the production of both goods.
Suppose there is a technological advancement in the toy industry and no technological change in the greeting card industry. This means that the production of toys will require fewer resources. The excess resources can be used to increase the production of both toys and greeting cards.
Similar will be the case if there is a technological advancement in the greeting card industry and no change in the toy industry.
