Answer:
Nicolas has § 1231 gain = $75000
Nicolas has Ordinary gain = $35000
Explanation:
given data
land cost = $8,000
timber cost = $250,000
timber appraised = $325,000
timber sold = $360,000
to find out
amount and character of Nicolas gain or loss
solution
we get here first gain §1231 gain that is
gain §1231 gain = Appraised value of Timber - Adjusted basis ..............1
put here value
§ 1231 gain = $325000 - $250000
§ 1231 gain = $75000
and
now Ordinary gain will be here
Ordinary gain = Selling price - Appraised value of Timber .................2
Ordinary gain = $360000 - $325000
Ordinary gain = $35000
Answer:
Embezzlement
Explanation:
If wrong, i'm sorry, but please give me time to re-edit, don't just report cuz then i'll report u for a live quiz, test, or exam
Answer:
C) The demand curve facing each restaurant owner becomes more elastic.
Explanation:
Evidently, the competition increases when a new player enters the market. By entering the market with a new, specialized restaurant, the demand curve of each restaurant becomes more elastic. That is because consumers have more restaurants to compare the price, so they can go for the most convenient. When that happens, the demand is more sensitive to price change.
Answer:
The correct answer is letter "B": The quantity demanded of hot dogs increases, and the demand for hot dog buns increases.
Explanation:
According to the demand theory, as long as the price of a product decreases the quantity demanded increases. The theory explains the relationship between the price and quantity demanded of a good or service within a market. That relationship is said to be <em>inversely proportional</em>.
In that case, if the price of the hot dogs is reduced by half, the quantity demanded is likely to increase. Supplementary goods such as hot dog buns are prone to see an increase in their demand.
Answer:
The answer is letter A. TRUE
Explanation:
Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.