Answer:
$24,000
Explanation:
The computation of the adjusted basis in the land after the exchange is shown below:
= Adjusted basis at the time of exchange + additional amount given
= $20,000 + $4,000
= $24,000
We simply added the Adjusted basis at the time of exchange and the additional amount so that the accurate value can come.
And the other information which is given in the question is not relevant. Hence, ignored it
Answer:
True
Explanation:
Welfare is a general term for economic and social assistance programs.
Answer:
How would private property rights help explain why Taiwan is now so much wealthier than Liberia?
<em>Taiwan is so much wealthier than Liberia in terms of the use of Private property rights because the Taiwanese have many exportable products they have Private Property rights on. The Taiwanese started building from copying technologies of sub-standard goods to quality goods over the years of improvement while the Liberian fought a prolonged civil war without a change to produce products to have a Private Property right on.</em>
Explanation:
<em>The Book of Things</em><em> </em>in Taiwan Civil Code was overhauled between 2007 and 2010. This chapter coded the amendments and found:
(1). 97% of the proposals by the task force (composed of property scholars and judges) were accepted verbatim by the legislature;
(2). Property laws in Japan, Germany, and Switzerland heavily influenced this round of amendments. The (unconventional) story behind the legal changes is that scholars and judges are the <em>“interest group</em>” that drives these amendments.
Answer:
A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.
TRUE
As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations
Explanation:
The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.
The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.