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stiks02 [169]
3 years ago
10

Bob owned a duplex used as rental property. The duplex had an adjusted basis to Bob of $86,000 and a fair market value of $300,0

00. Bob transferred the duplex to his brother, Carl, in exchange for a triplex that Carl owned. The triplex had an adjusted basis to Carl of $279,000 and a fair market value of $300,000. Two months after the exchange, Carl sold the duplex to his business associate to whom he was not related for $312,000. How much, if any, gain or loss did Carl recognize with respect to the sale by Carl to his business associate
Business
1 answer:
White raven [17]3 years ago
3 0

Answer:

$12,000

Explanation:

Gain = Sold duplex - Fair market Valve

Gain = 312,000 - 300,000

Gain = $12,000

Therefore $12,000 gain was recognized

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At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferre
Leviafan [203]

Answer:

A. $1.80

Explanation:

Earnings per share = (Net Income - Preferred dividend) / Weighted average outstanding common shares

Earnings per share = (1140000 - 10000*100*6%) / (300000 + 300000)

Earnings per share = $1.80 per share

So, Rice's 2018 earnings per common share should be $1.80 per share

8 0
3 years ago
A company expects to pay a dividend of $3.50 per share one year from today. the dividend is expected to grow at 30 percent per y
monitta

Answer: $70

Explanation:

Price = Present value of year 1 dividend + Present value of year 2 dividend + Present value of year 3 dividend + Present value of year 4 dividend + Present value of year 4 price

Year 4 price = Year 4 dividend / ( Required return - Growth rate after 3 years)

= (3.50 * 1.30³ * 1.04) / (13% - 4%)

= $88.856

Price = (3.50 / (1 + 13%)) + ( (3.50 * 1.3) / 1.13²) + ( (3.50 * 1.3²) / 1.13³) + ( (3.50 * 1.3³) / 1.13⁴) + 88.856/1.13⁴

= $69.97

= $70

7 0
3 years ago
Which of the following types of organizational cultures is power-oriented and headed by a leader who is regarded as a caring par
Brilliant_brown [7]

<u>Answer:</u>

<u><em>(B) The family culture </em></u><em> is power-oriented and headed by a leader who is regarded as a caring parent</em>

<em></em>

<u>Explanation:</u>

Family is likewise critical to how an individual grows in diverse cultures; a family shapes its very own one of a kind culture, that is, its "family culture". This family culture impacts individuals from the family because the way of life of a family shows people how to deal with strife, tune in, learn controls, and convey as a rule. These components affect how an individual carries on towards other relatives and others in the public arena and is based on what their families educate them.

7 0
3 years ago
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year is as​ follows:Beginning merchandise
Hatshy [7]

Answer:

The operating income for the​ year is $97,000

Explanation:

For computing the operating income, first, we have to calculate the cost of goods sold. The formula to compute the cost of good sold is shown below:

= Beginning merchandise inventory + Purchases during the year - Ending merchandise inventory

= $33,200 + $92,000 - $35,000

= $90,200

Now, the operating income would be

= Sales - the cost of good sold - selling and administrative expenses

= $262,900 - $90,200 - $75,700

= $97,000

6 0
4 years ago
Which statement BEST explains this investment?
wlad13 [49]

Answer:

I think that the answer is B, The The general likelihood of business success is very high.

Explanation:

I got it right on edgenuity

4 0
3 years ago
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