Clare, a collector of modern art, owes liz $ 6,000 in legal fees. liz purchases one of clare's paintings for $ 6,000. clare then uses the $ 6,000 to pay the legal fees owed to liz. five years later when the painting has significantly increased in value, liz sells the painting for $ 10,000. what tax consequences to liz from the foregoing events

What do economists mean when they use the latin expression ceteris paribus?

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?