Answer:
$150000
Explanation:
Solution
The first step to take is to calculate the recognized gain.
Given that:
the outside basis = $100,000
Cash =$10,000
The fair market value of the boot manufacturing company is = $260,000
Now,
The Recognized gain is stated as follows:
The Fair Market Value - (Outside Basis + Cash)
= $260000 - ($100000 + $10000)
= $260000 - $110000
= $150000
Therefore her calculated gain is $150000
Answer: Option (b) is correct.
Explanation:
Correct Option: Licenses
In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.
There is a advantage for the taxicabs companies for using the monopoly power.
Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.
Common stock is a security that represents ownership in a corporation. Holders of common stock elect the board of directors and vote on corporate policies.
Answer:
d.$56,000
Explanation:
From the text we get that the receiving team has 4 employees, that each one has an average salary of $35,000 per year, we mulitply that by the four employees and get that the receiving team costs $140,000 a year in wages, since there are no other costs in the process of counting, since the forklift is only used for receiving, that is not a counting expense, we just multiply the wages by the percentage of time of each activity, and counting is 40%
So:
140,00x40%= 56,000 dollars
So the cost of counting is 56,000 dollars a year.
Answer:
you may do like it
put your numbers instead of these. :)
Explanation:
Total Stockholders' equity is common stock plus excess of issue price over par plus retained earnings
($900,000 + $375,000 + $50,000 = $1,325,000)