Maria meets all of the requirements of § 1237 (subdivided realty). in 2017, she begins selling lots and sells four separate lots to four different purchasers. she also sells two contiguous lots to another purchaser. the sales price of each lot is $30,000. maria’s basis for each lot is $15,000. selling expenses are $500 per lot. what are the realized and recognized gain? explain the nature of the gain (i. e., ordinary income or capital gain). would your answers change if, instead, the lots sold to the fifth purchaser were not contiguous? if so, how?

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?

Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec