Prater inc. enters into an exchange in which it gives up its warehouse on 10 acres of land and receives a tract of land. a summary of the exchange is as follows: transferred fmv original basis accumulated depreciation warehouse $ 400,000 $ 315,000 $50,000 land 80,500 80,500 mortgage on warehouse 40,750 cash 31,750 31,750 assets received fmv land $471,500 what is prater’s realized and recognized gain on the exchange and its basis in the assets it received in the exchange?

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%

Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance