Answer:
The right answer is $50,000
Explanation:
Simply put, adjusted basis is the cost of an object after factors that affects the cost has being considered. These factors usually include taxes, depreciation value and any other cost incurred in getting and retaining the said object. Adjusted basis is important so as to know the right amount to sell.
Adjusted basis increases when an individual factors the cost incurred from taxes and maintenance ad it reduces when he/she factors in depreciation.
In the case of Koch, he already exchanged his machine for another at $50,000, as far as he is concerned at that moment, the adjusted basis is $50,000 because it was exchanged in a fair market.
A Quality Audit is a structured review of specific quality management activities that help identify lessons learned that could improve performance on current or future projects.
<h3>What is an Audit?</h3>
An audit is the physical and thorough inspection of an organization's account or activities carried out by an independent body.
In a Quality management system, a Quality audit must be carried out. The quality audit is a structured review regarding the quality management activities that helps in improving performance of the organization.
Learn more about Audit here:
brainly.com/question/26048609
Answer: Option B
Explanation: Opportunity cost refers to the of loss of profit when an individual or firm chooses one alternative over other.
The statement in the given case, depicts the opportunity cost one has to pay of using the scarce resources that could be sued on different alternatives.
The lunch is never free depicts that one could have used it in other alternatives that may have produced some economic benefits.
Hence, the correct option is B.
Last option is correct. The issuing corporation does not record any entry because it doesn't receive or give anything of value.
<h3>What are shares of stock?</h3>
The shares are regarded as the smallest unit of the stock that is owned by a company. There company sometimes sells its shares.
The company may have up to 10 million stock which it can sell to the intended buyers.
Read more on shares and stock here: brainly.com/question/25818989
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