Answer:
The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.
Explanation:
Red Blossom recognize the gain
= Fair market value of land – corporation basis
= $635000 - $312500
= $322500
Basis of Land = Fair market value
= $635000
$322500 gain recognized and a basis in the land of $635000
Therefore, The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.
Your answer to this question is increased by $1000
Answer: It contributed to shortages of weapons and food.
Explanation:
As soon as the Civil War broke out, the President Lincoln ordered the Navy to blockade Southern ports so that they would not be able to get supplies from sympathetic nations.
The blockade had the desired effect because it contributed to shortages of weapons and food and ensured that the Union had significantly more resources to fight than the Confederacy did throughout the war.
Answer: $50,000
Explanation:
Given the following ;
Total Revenue = $500,000
Labor cost = $200,000
Economic Depreciation = $50,000
Normal profit = $75,000
Interest paid to bank = $25,000
Other cost of production = $100,000
Economic profit = (Total revenue - labor cost - economic Depreciation - normal profit - interest paid to bank - other production cost))
Economic profit =$ (500,000 - 200,000 - 50,000 - 75,000 - 25,000 - 100,000)
Economic profit = $50,000
I think its da 3rd one or 2nd
