To chose the right career that fits you
It’s possible to travel without one, but it will only increase the likelihood of unorganisation, procrastination and no plans of what to do
Answer: A. $25,000 B. $90,000 C. $25,000
Explanation:
A.
Land $100,000
Stock 25,000
Amount realized 125,000
Less: Adjusted basis (90000)
Recognized gain $35,000
When you receive book in an exchange which is similar or like kind, then the recognized gain is the lesser of either the boot or recognized gain. Here the lesser is the boot received which is $25,000. Therefore, recognized gain is $25,000
B.
Because the recognized gain is taken as $25,000 rather than $35,000. The $10,000 amount is considered as postponed gain. Hence,
$100,000 (land worth) - $10,000 (postponed gain) = $90,000 - basis of new land.
C.
The worth of the stock is the basis in the stock received. Which is $25,000
Answer:
B.
Explanation:
Based on the information provided it can be said that the investment adviser should recognize that the customer's request is not within the scope of the adviser's expertise and retain an outside investment counsel. A "passive" investment manager believes in results generated by a diversified portfolio over one of individually selected stocks. Since the individual wants the adviser to choose the stocks, then the adviser has the responsibility to step back due to his lack of expertise selecting an individual stock portfolio and advise the individual to retain another investment advisor.
The relationship between ending inventory and beginning inventory is ending inventory of the previous period is the beginning inventory of the current period.
Ending inventory is inventory that remains unsold at the end of a particular period of time. Beginning inventory is inventory that a business has in stock at the beginning of a particular period.
Ending inventory is a function of beginning inventory, cost of goods purchased, cost of goods sold.
Ending inventory = beginning inventory + cost of good bought - cost of good sold.
To learn more about ending inventory, please check: brainly.com/question/8175598
