During the current year, Mike sells a tract of land for $800,000 that he had received from Ida on March 10, 1995, when the land had a FMV of $310,000. The taxable gift was $300,000 because the annual exclusion was $10,000 in 1995. Ida purchased the land on April 12, 1980, for $110,000. On the date of the gift, Ida paid a gift tax of $12,000. Mike paid a sales commission to his broker of $16,000 to sell the land. a) What is Mike’s realized gain on the sale? b) How would your answer to part (a) change, if at all, if the FMV of the gift property were $85,000 on the date of the gift?
Hi, Could you please provide me with an answer to this question.
Being unwell and receiving care in hospital for even a short period of time can result in increased risk and complications to the client. What would examples of those risks or complications be?
As the project manager for Advancement Corporation, you act as the CEO’s deputy. As such, you are granted the authority to develop and promote the vision or direction of the project: you must provide a solution to this personnel crisis. More specifically, this means that it is considered common knowledge throughout the organization that you, as the project manager, have the ability to identify, plan, be the catalyst to execute a plan, and provide closure for the plan to address the “raid” of your corporation’s key personnel by a predatory executive search firm.
Describe the four key bond valuation relationships. Explain why bond prices move inversely to changes in interest rates after watching the YouTube video “Relationship between bond prices and interest rates | Finance & Capital Markets | Khan Academy”, hosted by Khan
- Explain and describe why the bone sample soaked in vinegar and the bone sample that was cooked had their specific characteristics. What features did you find unique about the bone marrow specimen?
- Briefly, in your own words, describe the process of longitudinal bone growth including the role of the epiphyseal plate. How is the epiphyseal plate used to determine if an individual is still growing or not?
- In your own words, explain the concept of Wolf’s law and how it is related to bone homeostasis and osteoporosis?
The process of bone repair when there is a fracture is a four-step process that starts with a formation of a hematoma and finishes with bone remodeling. What factors can impede and improve the process of bone repair? Please provide at least two factors for each (impeding and improving) and explain how it impacts the process
Down Under Boomerang, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.510 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $273,000 after 3 years. The project requires an initial investment in net working capital of $390,000. The project is estimated to generate $3,120,000 in annual sales, with costs of $1,248,000. The tax rate is 34 percent and the required return on the project is 11 percent. The net cash flow in Year 0 is $______ ; the net cash flow in Year 1 is $_______ ; the net cash flow in Year 2 is $_______ ; and the net cash flow in Year 3 is $_______ . The NPV for this project is $______
The question is this:
Issue 2-year 4% convertible debentures at par on January 1, 2019. The debentures can be converted into 10 million $1 shares at maturity on December 31, 2020. Interest payments are made annually at the end of each year.
can i have a journal entry of this question?
In studying the subculture of a particular group, a sociologist must be accepted by the people and gain their trust. One such researcher is studying the people in an urban slum. She learns through their confidence that certain members of the community are involved in a car-theft-ring. She does not report them to the police. What virtues are at stake in terms of relationships of care and morals?
Assume the company you work for has installed cameras, DVRs (for CCTV recording), TVs, and other devices that are categorized as being part of the IoT. In your role, you are tasked with ensuring these devices don’t put the company at risk. What will you do to ensure they are secure and how will you know they are secure?
Discuss how social media impacts The Home Depot and/or The Home Depot’s industry?
What or where is the biggest potential for customer decoupling in your company’s industry? (try to use the HBR’s Knowledge point)
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