Business, 12.04.2021 20:30 lilpeepxliltracy
If a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sale. For each of the following, indicate the effect on the amount realized if: a. The property is sold on credit. The amount realized includes both the cash received at the time of sale and the cash to be received in the future . b. A mortgage on the property is assumed by the buyer. The assumption by the buyer of the seller's mortgage increases the amount realized by the buyer . c. A mortgage on the property is assumed by the seller. The assumption by the seller of the buyer's mortgage increases the amount realized by the buyer . d. The buyer acquires the property subject to a mortgage of the seller. The buyer's acquisition of the property subject to the mortgage of the seller decreases the amount realized by the buyer . e. Stock that has a basis to the purchaser of $6,000 and a fair market value of $10,000 is received by the seller as part of the consideration. The receipt of the stock by the seller decreases the amount realized by the seller by $fill in the blank 59dea203af8bfcd_2 .
Answers: 1
Business, 22.06.2019 09:30
Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false
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Business, 22.06.2019 11:10
An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value
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Business, 22.06.2019 17:40
Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same
Answers: 3
If a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sal...
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