Business
Business, 09.07.2019 03:10, rouchedavisin4

Gold company was experiencing financial difficulties, but was not bankrupt or insolvent. the national bank, which held a mortgage on other real estate owned by gold, reduced the principal from $110,000 to $85,000. the bank had made the loan to gold when it purchased the real estate from silver, inc. pink, inc., the holder of a mortgage on gold’s building, agreed to accept $40,000 in full payment of the $55,000 due. pink had sold the building to gold for $150,000 that was to be paid in installments over 8 years. as a result of the above, gold must: a. include $40,000 in gross income. b. reduce the basis in its assets by $40,000.c. include $25,000 in gross income and reduce its basis in its assets by $15,000.d. include $15,000 in gross income and reduce its basis in the building by $25,000.e. none of these.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 17:40, MrKrinkle77
Find the expected net profit of an insurance company on a health-insurance policy if: the probability of a $5000 claim is 20%; the probability of a $1000 claim is 60%; the probability of a $20,000 claim is 10%, and the probability of no claim is 10%. the company charges $4000 for this coverage. interpret your answer.
Answers: 3
image
Business, 21.06.2019 18:10, MagicDragon4734
Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.
Answers: 2
image
Business, 21.06.2019 21:00, marie1211
John novosel was employed by nationwide insurance company for fifteen years. novosel had been a model employee and, at the time of discharge, was a district claims manager and a candidate for the position of division claims manager. during novosel's fifteenth year of employment, nationwide circulated a memorandum requesting the participation of all employees in an effort to lobby the pennsylvania state legislature for the passage of a certain bill before the body. novosel, who had privately indicated his disagreement with nationwide's political views, refused to lend his support to the lobby, and his employment with nationwide was terminated. novosel brought two separate claims against nationwide, arguing, first, that his discharge for refusing to lobby the state legislature on behalf of nationwide constituted the tort of wrongful discharge in that it was arbitrary, malicious, and contrary to public policy. novosel also contended that nationwide breached an implied contract guaranteeing continued employment so long as his job performance was satisfactory. what decision as to each claim?
Answers: 3
image
Business, 21.06.2019 22:10, jdiel14
Fess receives wages totaling $74,500 and has net earnings from self-employment amounting to $71,300. in determining her taxable self-employment income for the oasdi tax, how much of her net self-employment earnings must fess count? a. $74,500 b. $71,300 c. $53,900 d. $127,200 e. none of the above.
Answers: 3
Do you know the correct answer?
Gold company was experiencing financial difficulties, but was not bankrupt or insolvent. the nationa...

Questions in other subjects:

Konu
Mathematics, 03.03.2020 23:54