How much is her amount realized on the sale

Assignment Help Accounting Basics
Reference no: EM131738587

Question - Jackie Segal sold her per$sonal residence for $350,00. In connection with the sale, she incurred advertising cost of $500, a broker's fee $17500 and lawyers fee 2500 and deed transfer fee of $200, How much is her amount realized on the sale?

a. 329,300

b. 329,500

c. 332,000

d. 350,000

Reference no: EM131738587

Questions Cloud

What is her allowable loss : She sells it for $194,000. What is her allowable loss (before applying rules such as IRC Section 1231 or limitations on capital losses)
How much gain does kal recognize : Kal Fein owns investment land that he bought for $100,000. How much gain does Kal recognize as a result of this transaction
To what amount he recognizes income transfer equal : He exchanges the contract for an annuity contract from HIJ of equal value. He recognizes income transfer equal to what amount
Understanding of current events in operations and logistics : The purpose of this assignment is to gain a better understanding of current events in operations and logistics and relate them to class topics.
How much is her amount realized on the sale : Jackie Segal sold her per$sonal residence for $350,00. How much is her amount realized on the sale
Build sustainable competitive advantage in future : A group of leaders in a company are theorizing about what is next for the company. How can they build sustainable competitive advantage in the future?
How much is included in arianas probate estate : At the time of her death, Ariana held the following assets. Assuming that Peter and Rex survive Ariana, how much is included in Ariana's probate estate
Submit a partial multiple-step income statement : Submit a partial multiple-step income statement that includes the Sales, Cost of Goods Sold sections & gross profit
Prepare only asset section of the classified balance sheet : Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd