User Account

All Pages

What is ben recognized gain

Assignment Help Accounting Basics
Reference no: EM131774149

Question 1- Ben's property, which has an adjusted basis of $45,000, is condemned by the state government. The authorities replace his property with other qualified property which cost them $120,000. What is Ben's recognized gain?

a- $35,000

b- $85,000

c- $0

d- $120,000

Question 2- Under the cash method of tax accounting, tax deductions are generally taken when:

a- Payment is made

b- The liability arises

c- There is net income to absorb the expense

d- None of the above

Reference no: EM131774149

Questions Cloud

Different application testing approaches : There are many different application testing approaches.
You believe is an effective strategic leader : What top executive of a publicly-traded company, do you believe is an effective strategic leader?
Examining that the aluminum market is less competitive : Suppose the refrigerator industry has an HHI of 2,500 while the aluminum? industry's HHI is? 6,850. Is this information sufficient to conclude.
The planes the airline operates maintenance hangar : A small airline has 6 planes. For routine maintenance of the planes the airline operates a maintenance hangar that can work on one plane at a time.
What is ben recognized gain : The authorities replace his property with other qualified property which cost them $120,000. What is Ben's recognized gain
Marketing strategies for cupcake liner holiday tree : Can somebody write Marketing strategies for cupcake liner holiday tree which is new product for this season
Determining the economy changes in given problem : Suppose a report on CNN says that there is an impending recession coming in the United States. As a result, Bert's family, as well as many other like minded.
Explain what an incident response team : Explain what an Incident Response Team is, what IRT policies are, and why they are important for an organization.
Summarize the type of site best suited : Given that an organization's resumption strategy for an exclusive-use site criteria includes partial/full telecommunications ability and a medium amount

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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