Answer:
a. Glenda recognizes a $110,000 gain on the sale of her stock
Explanation:
Glenda receives 25% of the total distribution for the year. In determining the total distribution, the land is considered at its price value of $25,000 and not its basis value. Also, 25% of the current E & P is allocated to Glenda’s distribution. The entire accumulated current E and P balance of $10,000 is assigned to Glenda’s distribution. Therefore with the current E & P allocation, Glenda has a $15,000 dividend and a $10,000 reduction in stock basis. When the stock is sold, the gain = sales price – basis = $150000 - $40000 = $110000. The $50,000 basis is reduced by $10,000 basis recovery on distribution to become a basis of $40000. There is no accumulated E & P for Melissa, therefore her dividend = her share of the current E & P = 75% ×$20,000 = $15000
Answer:
S>I
Explanation:
National saving is the income of the nation left after paying for government purchases and consumption. So,
Plugging this back into the equation for GDP, we get
where, NCO is Net capital outflow.
When there is balanced trade, we have
When there is trade surplus, we have
Thus,
Answer:
The correct answer is letter "D": It’s important to carefully compare each award letter you receive and calculate the net cost of each school so you can make a financially sound decision.
Explanation:
Award letters are received from each college or university where a financial aid application has been submitted. As each of them has different criteria to determine the eligibility of financial aid and handle different school fees. the applicant must <em>review in deep each financial aid offer and compare all of them to determine which is the most suitable</em>.