Mandy and timothy exchange real property in a like-kind exchange. mandy receives real property with a fair market value of $78,000 and transfers real property worth $70,000 (adjusted basis of $28,000) and cash of $8,000. what is mandy’s realized and recognized gain?

Sam owns speedy bricklayers, inc., a company that specializes in bricklaying. to maintain his business's reputation for quick, quality bricklaying, sam requires that all employees are experienced bricklayers. this discriminates against potential employees who have never laid bricks before. sam is likely:

Why does the fed pay interest to banks? a. it is interest on money held in reserve. b. it is interest on credit available to the fed. c. it is interest on loans taken by the fed. d. it is interest on government investments.

Alife tenant has the to keep the property in good repair and to pay property taxes. the two types of ownership are tenancy in common and joint tenancy. concurrent ownership can also be held in a tenancy by the entirety or as community property. in most states, it is that a co-tenancy is a tenancy in common. with a joint tenancy a deceased joint tenant's interest to the surviving joint tenant or tenants. the right of survivorship a joint tenancy from a tenancy in common. when a joint tenant transfers her or his rights to another without the consent of the other joint tenants, doing so the joint tenancy.