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Viefleur [7K]
3 years ago
6

38-41. X Corporation exchanged a warehouse located in New York for a warehouse located in New Jersey. The adjusted basis of the

New York warehouse was $30,000. The fair market value of the New Jersey warehouse just prior to the exchange was $25,000. In addition to the warehouse, X Corporation also received $8,000 in cash. The amount realized by X Corporation is:
Business
1 answer:
garik1379 [7]3 years ago
6 0

Answer:

$33,000

Explanation:

The computation of the amount realized by X corporation is given below:

= Fair market value to the exchange + cash received

= $25,000 + $8,000

= $33,000

For determining the amount realized by X corporation we simply added the above two items so that the correct amount could come

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The correct answer is:

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Which of the following fraudulent activities most likely could be perpetrated due to the lack of effective internal controls in
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D. 8 percent interest for 9 years

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We would use the formula future value formula below to determine which of the investment options would double her money:

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Second option:

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