Answer:
d
Explanation:
The equation of any straight line, called a linear equation, can be written as: y = mx + b, where m is the slope of the line and b is the y-intercept. The y-intercept of this line is the value of y at the point where the line crosses the y axis.
This is international strategy.
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Answer:
The answer is: D) both Dan and Andrea will gain from the transaction.
Explanation:
Whenever a business transaction is done freely, not forcefully, by mutual consent and without any type of fraud being committed, then both parties win. Andrea should be happy with her $150 and she will be able to buy anything she wants or likes (in the price range). Dan should also be happy and start playing with his Wii as soon as possible so he can enjoy the most out of his new purchase.
The only reason why someone would lose in this transaction is that Andrea was forced to sell her Wii at a lower price than she thought. Or Dan was forced to buy the Wii at a higher price than he considered appropriate. Or Andrea stole the Wii from someone else, it really doesn´t work or anything else illegal about it.
Answer:
The amount to be reported as the cost of the land is $ 114,200
Explanation:
Cash paid for the land = $ 98,000
Net cost of demolishing old ware house = $ 11,000 - $ 3,100 = $ 7,900
Attorney's fee = $2,000
Real estate broker's fee = $ 6,300
Total cost of the land = Cash paid for the land + Net cost of demolishing old ware house + Attorney's fee + Real estate broker's fee
= $98,000 + $ 7,900 + $2,000 + $ 6,300
= $ 114,200
Answer:
A. No gain or loss
B. Carryover; $2,338,000
Explanation:
A. Based on the information given the Corporation’s RECOGNIZED NO GAIN OR LOSS on the liquidation reason been that under SECTION 332 GOOSE'S BASIS IN THE SWIFT STOCK OF THE AMOUNT OF $3,340,000 IS REDUCED TO ZERO AMOUNT.
B. Based on the information given the Corporation’s BASIS IN THE ASSETS RECEIVED IN LIQUIDATION will be CARRYOVER BASIS of the amount of $2,338,000.
