<span>Joseph should report a long-term capital gain of $8,000. The fact that Adrian assumed the mortgage does not affect Joseph's tax basis. The only relevant facts here are the fact that the land acquired in the exchange has a value of $42,000, and the tax basis of the parcel exchanged is $34,000. $42,000 - $34,000 = $8,000.</span>
A Mortgage
A bank issues mortgage with interest typically over a long time for people to buy a house of constructing stuff.
Six-membered cyclic hemiacetals and five-membered cyclic hemiacetals are called, respectively, <u>none of the above</u>.
<u>Explanation:</u>
Pyranoses and furanoses are the terms used to mention the six-membered cyclic hemiacetals and five-membered cyclic hemiacetals respectively.
Pyranose is a saccharide having a chemical structure that includes a six-membered ring. One oxygen atom and five carbon atoms are present in the six-membered ring. The external part of the ring may have some carbons.
The carbohydrates having a chemical structure with a five-membered ring system is known as furanoses. One oxygen atom and four carbon atoms and are present in the five-membered ring system. There is no chance of double bonds in the furanose ring.
Answer:
a
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
