User Account

All Pages

What is charles recognized gain

Assignment Help Accounting Basics
Reference no: EM132965872

Problem - Brian Bush and Charles Chex exchange business machines. Brian gives Charles a machine with a basis of $3,500 (fair market value $3,000) plus $2,000 in cash. Charles gives Brian a machine with a basis of $4,000 and a fair market value of $5,000. What is Charles's recognized gain?

a. $2,000

b. $500

c. $1,000

d. $0

Reference no: EM132965872

Questions Cloud

Post the transactions to t-account and balance off accounts : Post the transactions to t-account and balance off (close) the accounts. Lazarda opened a business consultation office specifically on digital marketing
What think will happen to the hospitality industry : Research the Australian economy and explain what you think will happen to the hospitality industry in the next three years. What positive factors can you see
Make a trial balance as at january : Assume that you appointed as Junior Accountant at LBC, make a Trial Balance as at 31 January 2019. Lazarda contributed RM62,000 cash into the business.
What may reduce managements ability to convey : What two form of signals relevant to accounting can management use to expose this information to the investors. Don't just list, explain.
What is charles recognized gain : Charles gives Brian a machine with a basis of $4,000 and a fair market value of $5,000. What is Charles's recognized gain
Calculate stepping razor weighted average cost of capital : Calculate Stepping Razor's weighted average cost of capital. Stepping Razor Ltd is currently considering investing in a capital project.
How many shares of frazier stock have been issued : Frazier Corporation shows a total of $650,000 in its Common Stock account. How many shares of Frazier stock have been issued
Prepare naomi? traditional income statement : Naomi?'s Quilt Shoppe sells homemade Amish quilts. Prepare Naomi?'s traditional income statement and contribution margin income statement for the month.
What is the internal rate of return of the project : The income of the project after 2 years is 1.5 times its cost, what is the internal rate of return of the project

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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