Answer:
Darla's amount realized on the sale is $800
Adjusted basis in the assets sold is $300
Producing a realized gain on the sale of $500
Explanation:
Amount realized = cash received + FMV of other property + buyer’s assumption of seller’s liabilities – seller’s expenses
Amount realized = 600 + 200 + 0 -0
= $800
Adjusted basis = initial basis – cost recovery deductions
Adjusted basis = 2500-2200 = $300
Gain or loss realized = amount realized – adjusted basis = 800-300
= $500
Therefore Darla's amount realized on the sale is $800 and the adjusted basis in the assets sold is $300, producing a realized gain on the sale of $500
Answer:
$10.92
Explanation:
Finance charge computation:
($350 x 0.052%) x 60 days = $10.92
Hence he will pay a total of $360.92 being principal($350) and interest($10.92)
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Answer:
B
Explanation:
Internal conformance in business can be defined as a instruction mostly given to new employee to comply with the laid down standard of an organization.
Employees are asked to familiarize themselves with existing rules and regulations in order to be able to adopt them easily in the course of operation.
This is necessary as various organizations and industries have their standards and regulations.
