Kari finds a piece of land that she wants to buy but needs some time to be able to come up with the funds to purchase it. She pays the landowner, Jerry, $10,000 for an option to purchase the property for $200,000 anytime in the next two years. Six months later, Kari purchases the property. Which of the following is not true?

a. Kari does not have a recognized gain or loss
b. Kari recognizes a $10,000 loss
c. Kari's basis in the property is $210,000
d. Jerry's amount realized is $210,000

Answers

Answer 1

Answer:

the answer is either a or b

Explanation:

because if there is a loss then it b if there isn't that means it a


Related Questions

During 2021, Jasmine, a self-employed individual, paid the following amounts: State income tax $2,400 State sales taxes 2,950 State occupational license fee 450 Personal property tax on value of automobile 400 What amount can Jasmine claim as taxes in itemizing deductions from AGI

Answers

Answer:

3350

Explanation:

Since state sales tax is larger than state income you will lose that and add your personal property tax of 400 to your deduction.

2950+400= 3350

The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.

Answers

Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.

In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.

The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.

Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.

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________ are salespeople who sell a manufacturer’s products on an extended contract basis but are not employees of the manufacturer.

Answers

Answer:

manufacturer's representatives.

hope this helps! :)

Manufacture's sales representative are sales groups who sell a manufacturer’s commodities on a prolonged contract ground, but are not employees of the manufacturer.

Who is Manufacture's sales representative?

A manufacturers' representative is, in its most basic form, defines as someone who agrees to represent a firm and sell their product or service for a certain percentage fee.

He changes some basic commission on sale of the manufacture's product or commodity. Thai commission is also added to the price of commodity.

Sales organizations that market a manufacturer's commodities on a long-term contract basis, but are not employees of the manufacturer, are known as manufacturer's sales representatives.

Therefore, manufacture's sales representative is a person that sales the products on the behalf of manufacture.

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Shelby hired Lynn, an attorney, to represent her in an employment discrimination case. Lynn is a(n) _____ who has a duty to act on behalf of Shelby. Shelby hired Lynn, an attorney, to represent her in an employment discrimination case. Lynn is a(n) _____ who has a duty to act on behalf of Shelby. principal fiduciary trustee employee third-party beneficiary

Answers

The answer is fiduciary

what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note your billing statement your financial aid offer check answercheck answer previous

Answers

The master promissory note is a document that explains your rights and responsibilities as a federal student loan borrower.

The first option is correct. This document is one that is legally binding. Before a student agrees that they would want to take out loans as students, they first have to know what their rights and responsibilities are as a borrower and also to the lending facility.

There are a lot of available options that are in place to help with the management of student loans.

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Why is personal finance dependent upon your behavior?

Answers

Personal finance depends on your behavior because you are the manager of your financial resources, so it is necessary to carry out personal planning of your finances.

Personal financial behavior can be measured by six dimensions, which are:

Emergency fundsIndebtedness levelSavings ratesAsset diversificationRetirement PreparationWealth distribution

Personal finances are directly impacted by our behaviors and decisions. Some of these behaviors are subconscious and difficult to identify, but they should be analyzed in case they negatively influence your finances.

Therefore, financial planning is essential to use your financial resources consciously and in accordance with your goals.

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Ivers Co. holds $30,000 of available-for-sale securities. Ivers intends to hold these securities for three years. Ivers should report these securities as a(n) ________ on the balance sheet.

Answers

Answer:

long term asset

Explanation:

long term asset

instructions:wikarambulan is a sound like game. by saying\pronouncing and connecting the word, reveal the elements and factors of principles, tools and techniques in creating a business. write your answer on the blank space provided in the side of the paper.
1. IS TRE ENGCKS
2. OP FORTUNE NI TEAS
3. WEEK NEST CES
4.THREE EATS
5. IN DUST TREE
6. END BY RON MEANT ALL
7. PIE HAVE FOUR ZEST
8. ENCHO NO MEEK
9. SOAP FLYER
10. COST TOO MHER​

Answers

Answer:

1.strengths

2.opportunities

3.weakneses

4.threats

5.industry

6.environment

8.economic

9.supliyer

10.customer

Daffy Duct, Inc. issued 10,000 shares of $1 par value common stock at $5 per share. The effect of this transaction on the accounting equation includes a ______. (Check all that apply.) Multiple select question. $50,000 increase in total assets. $50,000 decrease in total stockholders' equity. $10,000 increase in total assets. $50,000 increase in total liabilities. $10,000 increase in total stockholders' equity. $50,000 increase in total stockholders' equity.

Answers

The effect of this transaction on the accounting equation includes a:

$50,000 increase in total stockholder's equity, $50,000 increase in total assets.

The above means that Daffy Duct received $50,000 cash in exchange for ownership in common stock (10,000 shares at $5 each).  

Asset is what the company owns, while Equity (the difference between assets and liabilities or what it owes to the owners)

In the light of the above ,there is an increase in assets and increase the stockholder's equity.

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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as

Answers

Answer: Investing Activities

Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.

Hope this helps.

what education do you need for high school

Answers

Answer:

To teach High School, you need a Bachelors degree.

To graduate it, you have to pass English/Language Arts · Mathematics · Science · Social Studies/History · Foreign Languages · Physical Education

if the entire output of a market is produced by a single seller, the firm

Answers

Answer:

that means the firm is very large

A method of cost assignment where a cost can be associated to the particular cost object in an economically feasible way is called ________.

Answers

Answer:

indirect costs

Explanation:

costs related to a particular cost object that cannot be traced to that cost object in an economically feasible way. cost assignment. general term for assigning costs, whether indirect or direct.

I hope it helps.

Over the last fifty years both real GDP and prices have trended upward in most countries. Continuing real GDP growth and inflation can be explained by

Answers

The continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.

Every country have improved massively especially in production of goods and services because of technological progress

Also, an increase in money supply are achieved because of various effective economic policies implemented by the economic team of many countries.

Hence, the Option C is correct because the continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.

The missing options includes "a. continuing technological progress alone. b. continuing increases in the money supply alone. c. continued technological progress and continuing increases in the money supply. d. None of the above can explain continuing real GDP growth and inflation."

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________ strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.

Answers

Corporate strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.

Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. She’s worried that she won’t be able to complete them all. Which of the following actions should her get each task done?
A. NOT LOOK AT THE CLOCK
B. SAVE SOME TASK FOR TOMMOROW
C. SPEND TIME REORGANIZING HER "TO DO" LIST
D. IMPOSE A TIME LIMT ON EACH TASK

Answers

Answer : C

Explanation:

Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. The following actions should her get each task done spend time reorganizing her "To Do List."

What is "TO DO LIST?

A to-do list is simply a list of tasks that need to be completed. In other words, pretty much anything and everything can be on your to-do list. However, just because you've written your tasks down doesn't mean they'll actually be done. You can prioritize your tasks and produce excellent work by keeping track of when they are due.

It is a list of things you need to get done or desire to do. They are usually arranged according to priority. They serve as a memory aid and are typically written on paper or post-it notes.

Further that TO DO LIST  have to complete is one of the core time management tools. It places all of your tasks in one location. From there, you can order them by importance and focus on the most crucial ones first.

Therefore brain is not the most effective memory tool and only relies on methods that it is certain will work.

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#SPJ2

Which elements exist in the completed assignment?
Check all that apply.
O a Birthdate field
all grade 12 students with a check mark in the
Active field
a Grade field between the Student Number and Last
Name fields
O an E-mail field
a Clip Art image attached to a customer field

Answers

Answer:

a Birthdate field

a Grade field between the Student Number and Last Name fields

Explanation:

edg 2022

True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question. True False

Answers

Answer:

true

Explanation:

GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.

What is created when light is blocked by an opaque object?

Answers

Answer:

Light travels in straight lines. When light is blocked by an opaque object, a dark shadow is formed.

Explanation:

trust me and can i get the crown

HELP PLEASE

Companies create a division of labor among employees in order to:

O A. reduce the opportunity cost for hiring new employees.

O B. make it easier to shift employees between different jobs.

O C. allow each employee to perform one task at a high level.

O D. gain access to more human and physical capital.

Answers

Answer:

D

Explanation:

companies do this so everyone is more proficient with their bodies and their work

operations are able to respond quickly to customers and changes in the environment in a decentralized organization because ______.

Answers

It should be noted that operations are able to respond quickly to customers in a decentralized organization because there are fewer managers that must be consulted before a decision is made.

A decentralized organization simply means an organization where the decisions are made by the low-level managers.

Therefore, in this case, operations are able to respond quickly to customers in a decentralized organization because there are fewer managers unlike a centralized organization.

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A collective good offers particularized benefits while private goods are broadly distributed. True False

Answers

The answer would be true

__________ is the specialized area of management that converts or transforms resources into goods and services.

Answers

Answer:

operations management

Explanation:

Trust me

Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.

Answers

Answer:

Country A

Explanation:

Based on the data in the table, has the absolute advantage in producing petroleum is country A.

What is absolute advantage?

A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.

Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.

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Why is term life insurance better than whole life insurance?

Answers

Answer:  Term life is “pure” insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments.

Explanation:

the purpose of _______ is to build selective demand.

Answers

Persuasive advertising serve as kind of advertising that build selective demand.

Persuasive advertising can be regarded as a form of product promotion which convince the potential customer in a persuasive manner to purchase a specific product.

It is a kind of advertising that bring about Selective demand whereby demand for a specific brand is been set as a result of the advert to the potential customer.

Therefore, Persuasive advertising is the correct term.

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Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck?

Answers

Government often deduct tax from income of the people. The option that is not a possible tax or deduction that could be withdrawn from your paycheck is Sales tax.

A sales tax is simply known as a tax paid to body (Government/set up body)for the sales of specific goods and services.

The law gives seller the right to collect funds for the tax from the consumer at the point of purchase.

It is a tax that  is placed on goods or services that is paid to a governing body directly by a consumer.

See full question below

Which of the following is NOT a possible tax or deduction that could show up on your paycheck?

Answer choices

State income tax Contributions to retirement savings FICA Sales tax

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Answer:

sale tax

Explanation:

The accountant recorded the adjusting entry for the depreciation of its long-lived assets with a debit to Depreciation Expense and a credit to Accumulated Depreciation. As a result of this entry, assets and stockholders' equity will be ______. Multiple choice question. unaffected by the entry understated decreased overstated

Answers

As a result of the entry that was made by the accountant, assets and stockholders' equity will be decreased.

From the information given, it should be noted that an accountant recorded the adjusting entry for the depreciation of its long-lived assets with a debit to depreciation expense and a credit to accumulated depreciation.

Since there's a credit to the accumulated depreciation, it should be noted that there will be a reduction in the assets and the stockholders equity.

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Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.

What is the yearly payment amount?
A.$360
B.$6,360
C.$1,800
D.$18,000

Answers

The answer for this problem is c

*15 POINTS*
PLEASE HELP WITH ALL SOLUTIONS​

Answers

Answer:

i cant see them

Explanation:

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