Business, 15.11.2019 05:31 ScardeySpider

Pam owns a personal use boat that has a fair market value of $35,000 and an adjusted basis of $45,000. pam's agi is $100,000. calculate the realized and recognized gain or loss assuming the boat is disposed of under the following independent scenarios:
a. pam sells the boat for $35,000. the realized select loss gain correct 1 of item 1 is $ and the recognized select loss gain correct 3 of item 1 is $.
b. pam exchanges the boat for another boat worth $35,000. the realized select loss gain correct 1 of item 2 is $ and the recognized select loss gain correct 3 of item 2 is $.
c. the boat is stolen and pam receives insurance proceeds of $35,000. pam's realized select loss gain correct 1 of item 3 is $ and her recognized select loss gain correct 3 of item 3 is $.
d. the fair market value and the selling price of the boat were $48,000. pam's realized select loss gain correct 1 of item 4 is $ and her recognized select loss gain correct 3 of item 4 is $

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 09:20

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

Answers: 2

Answer

Business, 22.06.2019 11:20

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.

Answers: 3

Answer

Business, 22.06.2019 12:00

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?

Answers: 3

Answer

Business, 22.06.2019 16:00

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

Answers: 1

Answer

You know the right answer?

Pam owns a personal use boat that has a fair market value of $35,000 and an adjusted basis of $45,00...

Questions