Meen Co. owns the large, two-story home in which his mother lives. It is situated in a neighborhood adjacent to a large university. Meen Co. purchased the property several years ago for $60,000. The property has recently been rezoned to permit apartment buildings. Meen Co. owns 60% of the Gainsburg Student Living Co., and the remainder is owned by a local city commissioner. Meen Co. sells the personal residence, subject to a first mortgage of $40,000, to the Gainsburg Student Living Co. for $30,000 cash and a promissory note secured by a second mortgage for $30,000. The Gainsburg Student Living Co. will rent the rooms in the building to students. How is the gain taxed to Meen Co.

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation:

what is wrong with black soap shampoo?

explanation:

answer; o anticipate where news will happen;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.